The week of July 23 will likely continue the “low-reversals-consolidations” theme of the prior week (July 16-20). The swing low of gold is in/here, in my opinion (see chart grid below). Do not initiate gold short side positions. Soybeans with a bearish daily & bullish weekly chart and Bitcoin with a 3-Day & Daily Chart sell signal may be the exceptions. Anyone ready to try and catch a falling safe or learn how? Now, it’s a savage sober rave party! This is some serious technical analysis regarding how to identify reversals and invert charts (as in upside down).
From:: Resource Investor