March 16, 2014

  • Weekly chart shows negative divergence with RSI. 
  • Daily chart is trading near crucial support levels like 50 day SMA and 38.2% Fib level. For the bearish view in weekly chart to work well, price must trade below 50 SMA and 38.2% Fib level.
  • GOLDEN CROSS OF GOLD
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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore