Golding falling, Slight Tangent.

Well, fuck me what a week, in terms of data Gold shouldn't of reacted the way it did, but damn this shit dipping, hitting $1245 before slightly rebounding.

I am going to leave data releases because there is no point, right now we are in a weird place so we need to be careful. I thought the downward trend was showing a bounce around the $1260 mark before a retrace as the RSI and BB showed potential for this. Yet I was wrong and I like it, shows how much to learn there is. 

Much of the dip has been the strength of the Dollar, and I keep denying the power of it, it is currently holding at the 110 level against the yen. I believed it would hit this but somehow there is sufficient buying power to keeping it around this level. The bull run of the Dollar almost seems too long and I do reckon long-term it would be a good short. Nothing about the US economy looks good from an economic perspective, so we have this front which is just being held by the belief the US Dollar won't fail, insane really. Their debt levels continue to grow exponentially with no concept of controlling it.

Like I just think about it simply, if you borrow and can't pay it back you will get hurt and I strongly believe this about the US economy and thus by the end of this year I will be moving much of my limited uni student assets into assets out of banks, either Gold or crypto. Nothing I am saying is financial advice by the way but we are a world economy built on DEBT and one day someone will want their money back.

Its worth thinking about because banks will always be bailed out by the governments and this cycle continues, no one goes to prison and the local man/woman pays. Massive tangent but I want people to understand what is happening, please have a research, look up deutsche bank for example, on the verge of bankruptcy, the consequences are mind-blowing and no one senior in these huge companies will suffer, honestly, fuck the banks.

Peace.

The Naive Trader.

Forex Factory, 2018.

TradingViewc.om, 2018.