RP- here's a few charts, I don't have real time feed for
gold futures symbol @GC so this is delayed. Anyway here's a
chart from Tradestation, I don't see a cup and handle on this time
frame. maybe a abc or 1,2, 1,2 pattern but gold usually
trades in more ABCs. It simply had a basing pattern and
a bottoming pattern has been moving higher. On this
chart notice that once that ATR indicator was broken you can see it
became support and is a good support to monitor going forward. I
use 14/3 settings on that common indicator . Also the Trending MACD
Histogram you can see has generally caught the trend well, from the
downside to the upside.
One the daily Stockcharts $GOLD the MA's have been bullish
stacked. On the weekly Gold has that large saucer bowl type
pattern that I pointed out months ago
thanks matt the daily is what i was talking about saucer those
are formations no... anyway we took out 1270 on gold the etf's
having problems with mkt tanking again.
yes - can you share a chart as well, I don't know how far you
are looking, I don't see a cup and handle, so I would like to see a
visual representation of what you are seeing
matt no clue on getting chart in that drop box i tried copy
paste doesnt work ..you have some place i can go to learn how to
get chart in there. chart is nothing special just shows a
saucer bottom and if you draw a line across 1270 looks like a break
above the saucer i am no expert dont pretend to be
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Matt could you take a
Posted by RP on 24th of Dec 2018 at 10:30 am
Matt could you take a look at the daily on GOLD continuous contract is that a cup and handle formation setting up? thx
RP - here's a few charts,
Posted by matt on 24th of Dec 2018 at 10:59 am
RP - here's a few charts, I don't have real time feed for gold futures symbol @GC so this is delayed. Anyway here's a chart from Tradestation, I don't see a cup and handle on this time frame. maybe a abc or 1,2, 1,2 pattern but gold usually trades in more ABCs. It simply had a basing pattern and a bottoming pattern has been moving higher. On this chart notice that once that ATR indicator was broken you can see it became support and is a good support to monitor going forward. I use 14/3 settings on that common indicator . Also the Trending MACD Histogram you can see has generally caught the trend well, from the downside to the upside.
One the daily Stockcharts $GOLD the MA's have been bullish stacked. On the weekly Gold has that large saucer bowl type pattern that I pointed out months ago
thanks matt the daily is
Posted by RP on 24th of Dec 2018 at 12:16 pm
thanks matt the daily is what i was talking about saucer those are formations no... anyway we took out 1270 on gold the etf's having problems with mkt tanking again.
yes - can you share
Posted by matt on 24th of Dec 2018 at 10:39 am
yes - can you share a chart as well, I don't know how far you are looking, I don't see a cup and handle, so I would like to see a visual representation of what you are seeing
matt no clue on getting
Posted by RP on 24th of Dec 2018 at 10:57 am
matt no clue on getting chart in that drop box i tried copy paste doesnt work ..you have some place i can go to learn how to get chart in there. chart is nothing special just shows a saucer bottom and if you draw a line across 1270 looks like a break above the saucer i am no expert dont pretend to be