Goldtent TA Paradise

DUST 2 with potential bullish descending wedge…

1. Matrix says:

   July 28, 2015 - 1:47 pm at 1:47 pm

   Mr EagleSeagle, my reply to Plungers post:

   Plunger, may I suggest not to be so hard on yourself, one on the main drivers behind the pm’s demise recently is the expectation of a US rate hike along with all the goldbugger doom and gloom calls failing to pop gold above key resistance levels suggested by the Greece debt issues. The Tweaked indicators had one taking a DUST position in late May at the $13 level and last Fri into the close taking profits. This week is all about the FOMC meeting so it makes total sense that we are in a Whip zone. The Tweaked indicators could well suggest another DUST position or NUGT off those that create the chart action/reaction from the FOMC statement.

   Dust has many layers and it tagged perfectly the upper resistance zone created off the June 2013 highs and Nov 2014 highs.

   http://stockcharts.com/h-sc/ui?s=DUST&p=D&yr=2&mn=6&dy=0&id=p08909801272&listNum=1&a=414623087

2. EagleSeagle says:

   July 28, 2015 - 1:51 pm at 1:51 pm

   Thanks Matrix, I have been following your most useful chart. I Need not get an ulcer 🙂 The goldtent board appreciates your feedback.

3. EagleSeagle says:

   July 28, 2015 - 2:33 pm at 2:33 pm

   Back test and off to the races…