Posted by chartboy on 26th of Feb 2021 at 08:55 pm
No offense...but gold is not sniffing anything out now except
perhaps some glue. Lol. It has been doing exactly what it should do
it in a rising rate environment....falling.
To answer the question of what is going on with it today...one
just needs to chart it.....the move today was nothing more than the
completion of the move to a target from the breakout of the Aug-Nov
range. Specifically, the 1.618 expansion of that move.
Posted by chartboy on 26th of Feb 2021 at 10:25 pm
I dont post about opinions. I have been doing this long enough
to know that price movements have no correlation to my opinions. I
post about chart patterns, statistical correlations and
occasionally perceptions based on years of observating certain
statistically significant repeating patterns because those are what
is valuable to the membership.
Thoughts on Gold and Gold
Posted by foody518 on 26th of Feb 2021 at 04:08 pm
Thoughts on Gold and Gold miners today? Is capitulation bullish?
$USD yearly chart - gold
Posted by roger on 26th of Feb 2021 at 04:17 pm
$USD yearly chart - gold may be sniffing out future strength in the dollar as shown by this inverse head and shoulders imo.
Note the vortex and macd both have bull crosses and stochrsi is oversold on this time period
psar buy signal
$USD yearly chart right shoulder
Posted by roger on 31st of Mar 2021 at 02:12 pm
$USD yearly chart right shoulder starting to firm up. Interesting the vortex has been bullish for several years
No offense...but gold is not
Posted by chartboy on 26th of Feb 2021 at 08:55 pm
No offense...but gold is not sniffing anything out now except perhaps some glue. Lol. It has been doing exactly what it should do it in a rising rate environment....falling.
To answer the question of what is going on with it today...one just needs to chart it.....the move today was nothing more than the completion of the move to a target from the breakout of the Aug-Nov range. Specifically, the 1.618 expansion of that move.
you know what they say,
Posted by roger on 26th of Feb 2021 at 10:14 pm
you know what they say, everyone has one....chart boy, lol
your chart has a lot of lines that signify nothing. sniff on that
I dont post about opinions.
Posted by chartboy on 26th of Feb 2021 at 10:25 pm
I dont post about opinions. I have been doing this long enough to know that price movements have no correlation to my opinions. I post about chart patterns, statistical correlations and occasionally perceptions based on years of observating certain statistically significant repeating patterns because those are what is valuable to the membership.
ok chart boy btw, I noticed
Posted by roger on 26th of Feb 2021 at 10:31 pm
ok chart boy
btw, I noticed your "SPY back test of the neckline" ...opinion... a few days ago didn't quite pan out