Since we’re looking down
I posted this a while ago and i think it went largely unnoticed. But here’s some fuel for Northstar’s fire. Can we be sure we’re on a golden path until the dollar/yen breaks this uptrend? That monthly candle is looking a bit scary now. But we may get a few more months of chop to feel out that bottom rail, and lets hope it fails.
I’ll be honest though. I’m impressed (or scared) that the dollar yen is knocking on 111.00’s door, and gold is still well above $1300.
Thanks Nick. More useful evidence.