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"Watch for late June GOLD low"


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#1 Rogerdodger

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Posted 21 June 2012 - 10:44 PM

I make notes in my appointment book.
Today's note, which I jotted down several weeks/months ago:
"Watch for late June GOLD low" I believe it came from Laundry.
It looks like we may get one soon.
An August retest would be normal.

http://stockcharts.c...78453&r=243.png

#2 Rogerdodger

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Posted 21 June 2012 - 10:48 PM

I guess you saw Laundry's gold chart yesterday.
He's using MACD to look for a possible higher low in the indicator to identify a good bottom in gold.
Perhaps late summer.
I think you too wanted to see a retest about then. :rolleyes:
That would fit a seasonal pattern:
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#3 Rogerdodger

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Posted 21 June 2012 - 11:03 PM

Mr Jack Chan:
TLBSS = Trend Line Break Sell Signal.
http://stockcharts.c...53245&r=563.png

Edited by Rogerdodger, 21 June 2012 - 11:09 PM.


#4 MarketAlly

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Posted 22 June 2012 - 02:08 AM

1440 is our target
The system wasn't designed so that most people could beat it.

* Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. I do not know your specific risk tolerance or situation

#5 thespookyone

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Posted 22 June 2012 - 10:11 PM

From me to you Roger-GLD 148.43.