Jump to content



Photo

Gold's ATH relative to CRB


  • Please log in to reply
No replies to this topic

#1 tria

tria

    Member

  • Traders-Talk User
  • 2,325 posts

Posted 17 December 2015 - 04:45 AM

$GOLD/$CRB @ ATH thanks to falling energy prices.

My quick EW wave counting and RSI negative divergence, both suggest however a strong correction is due anytime now in the ratio. This implies Crude becoming stronger relative to Gold.

 

The rest of the week should see indifferent Gold price action imo.

Next week becomes more important and as of now I'm thinking sideways to down.

 

-tria

 


In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.

"You miss 100% of the shots you don't take."
~ Wayne Gretzky