gold, page-42919

Weinstein 30wk SMA says it all. Some reference level I am watching. Until the 70 level is taken out, there is reversal potential to the upside. I could fit a lower bullish trendline but that would be cheating. I have no idea how far it could fall but prefer if US risk comes back on. Very defeating to watch for those exposed to the 'wrong' sectors currently.

I wonder if @Skol has been hedging his CBA position. The 70 handle is going to be tested soon. Having second thoughts this level will hold. Fresh off the US selloff if it breaks then we might get a repeat of the 2015 market top as the SPI200 continue into the low!

Watching and contemplating but CBA and the other 3 banks has a huge drag on the SPI. Royal comission may prove fatal for them!