Bullish?
Does this chart look bullish now?
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=M&st=2000-04-04&en=2016-06-18&id=p02097917506&a=312811263
Does this chart look bullish now?
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=M&st=2000-04-04&en=2016-06-18&id=p02097917506&a=312811263
Yep…It does to me. Fingers crossed.
Plus 1
Long term yes very bullish but don’t ignore the impact of the bearish structure on the far right. I am making a new post to add some balance to this board which has gotten out of control bullish in the near term. Long term, I’m right with you guys but I don’t want to see many of you lose 50% of your hard earned profits this year. My view is based on playing the odds and not claiming to KNOW what’s going to happen like the gurus do.
I’d agree with you and would be less convinced of the baby bull Mark IF I thought Central Bank interventions were going to be as successfull over the next few years as they have since ’09. Short term, anyone’s guess, long term 5yr. as sure as winter’s coming IMO.