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.
No offense...but gold is not
Thoughts on Gold and Gold miners today? Is capitulation bullish?
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