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Posted 14 August 2017 - 11:30 AM
Russ - I have checked the above chart on Netdania . On a Semi log scale Gold has not broken the line from 2011 high touching 2012 high of around 1790 . It would require a price of around 1320.
jabat
Jabat, well there must be something wrong with tradingview.com then because switching between log and arithmetic makes no difference on that software. I have not checked it on tradestation.
Member
Member
Posted 15 August 2017 - 09:48 AM
war markets are always the same , they run up on tensions and reverse once the news is out in 79-80 russia invaded afghanistan. gold ran up. and then shortly thereafter it reversed. gotta book profits on the run up, especially this time into 1300 and then rebuy on the pullback. in this case there is an inverse h&s pattern on the chart, we should break the neckline or at least get to it=1260ish. i am on the buy side and will start nibbling w/the eclipse coming up on the 21st and mars , commander in chief, prominent there will be tensions. this move is not done. this is the pause. gold gained 80+ from the july lows and now will consolidate.
the yen gold chart is revealing http://www.graceland...ug15goldyen.png gold is in a bullish consolidation pattern. against the dollar trump is working on lowering the dollar , so far so good. it seems to me volume is expanding on up days in the gdx and small on down days. a number of influential analysts including dalio and gundlich have recommended a position in gold
dharma
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Member
Posted 15 August 2017 - 11:17 AM
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Posted 15 August 2017 - 11:54 AM
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Posted 15 August 2017 - 12:05 PM
jabat
Sorry, but, I can't help. I think you need to contact a moderator. They are all friendly and very helpful.
Member
Posted 15 August 2017 - 12:07 PM
Can't be complacent bull here
Agreed dougie. Need to keep a close eye on things at this stage.
