7.77 or back to 7.25, page-20

Interesting action today, 7 was defended strongly.
It looked some shorts covered their positions for the weekend as Gold dropped more but NCM tried to go up.

Some stops looked got hit and it went wild yet again it closed under 7.77 at the close.

To me it is a signal to go short again so have taken a short position again sure it can go either way but it feels NCM would go down again on Monday.

It may try to rally abit more on Monday but I took a bet and believe it will close lower on Monday and will continue to short with possibility of it going to 8.54

With fundamental the same and gold going lower and nothing positive coming from NCM there is no reason why sentiment will change YET, unless there are things that we dont know and some knew today.

Simply a technical trade.

Carculated rsik must be taken in order to profit.

Cheers,