Huge difference in the volume of the previous red candles. They indicate fading interest in going lower. However with virtually three times the volume this week I'd say it's looking quite bearish. Of course next week we'll see.
In our discussion about a week back my intuitive feel for gold to continue its rise was realised.
In my past years I did charts to death, particularly leant a lot from Gann in the seventies. It's led me to follow more the seasons and in that now its the voices of the financial media versus fundamentals.
With virtally just paper fluff regarded as equity these days, and still being pushed and accepted, anything of course is possible. But signs are emerging that when the running for safety begins the gates will jam, gold holders will hang on and the price for physical could rise to anywhere. ETF's will become worthless also.
