Loading ...Perspective : XAU Monthly LOG Chart
This Move Mirrors the 2008 Massacre and has cut thru some strong resistance with no problem
Almost at the first Fibo Retrace now
Could we extend here and hit the 50% retrace and black downtrend line this month or next
or are we about done for now ?
Either way this move is the most impressive bull move ever for the Major PM Miners
Sentiment? Still more bears around the Bulls is my impression .
Now What ?
Desperate Bears and skittish Bulls…on the boards I frequent….A large number of bulls are still in disbelief that they hit the curve early, and are waiting for the massive shoe drop that everyone keeps hyping…every down tick ravages their psyche….it is fascinating to watch…..
Agree Monovasia
This thing took off so fast and so hard that its been tough to get on . You need conviction and after 5 years of
torture its not easy to find for many