February 10, 2015

  • Gold up move was stopped at 100 Week SMA.
  • Daily chart continues to look weak. It will turn weaker if price starts to trade below the cloud.
  • 4 Hour Time frame will remain weak below the cloud. 

  • For BN the 100 SMA and the up trend line is crucial to hold. 


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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