Goldtent TA Paradise

Inch by Inch

1. DaveintheUK says:

   January 27, 2016 - 7:47 am at 7:47 am

   All these other TA guys on the net are still looking at straight lines all the time!

   It’s almost chocking how well the parabolic model fits. I was just going to go onto stockcharts.com tore-draw this chart for an update but now I won’t bother. Fully has done it! $1130 is abut the upside target then.

   I twiddled around with different parabolas to try to fit exactly the two 1180 lows on the lower parabola but I couldn’t really do it myself. There can be some variations but boy it is close. Gold follows curves, man!

2. DaveintheUK says:

   January 27, 2016 - 7:52 am at 7:52 am

   Any close above about $1135-1140 would be a great improvement on performance for the last 2.5 years because that parabolas we have been drawing are pretty much through intraday highs and lows.

   Resistance was at $1122-1123 yesterday, 26/1/2016 (British date style because I’m British).

   I am seeing some bullish sentiment on Kitco. How are the COTS doing? I hope the long speculator positions have not gone up much yet.

   • Fullgoldcrown says:

     January 27, 2016 - 8:24 am at 8:24 am

     DaveintheUK

     Ah…I remember now …it was you who first brought these parabolas to light .

     I’ll be surprised if the top one is taken out first try…but if it is that’s a Huge Bulish sign IMO