Gold correction ends at 1280?
#1
Posted 01 August 2014 - 07:53 AM
#2
Posted 01 August 2014 - 08:38 AM
johngeorge
#3
Posted 01 August 2014 - 09:50 AM
#4
Posted 01 August 2014 - 09:53 AM
I like the possibility that the very recent Gold drop to a new low near 1280 may have ended the correction from 1345, take that low out by $5-10 and I start worrying about the bull case, we see
BSing away
Senor
Interesting. If we look at the price action of August 2013, either in gold or silver there appears to have been a falling wedge there. Then came that huge 3rd wave up spike which was almost vertical.
Now there is a similar falling wedge pattern in the same seasonal time frame (August).
Stochastics has a bullish cross in both time frames as well.
If this is truly going to be a 3rd wave up then maybe a similar move will start next 2 weeks. (ie. huge squeeze higher).
#5
Posted 01 August 2014 - 10:23 AM
#6
Posted 01 August 2014 - 12:47 PM
#7
Posted 01 August 2014 - 12:51 PM
http://scharts.co/1cnYuRX
When did that not matter last?
#8
Posted 01 August 2014 - 11:47 PM
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#9
Posted 02 August 2014 - 08:52 AM
#10
Posted 02 August 2014 - 08:21 PM