A Chartist’s Dilema
Trying to be Objective here and its tough because like most of you I am a goldophile
This Chart LOOKS like a TOP is Building out.
If it were any other chart I would NOT want to be in it
However
the previous 2 times we had similar set ups…we went higher
So I am Holding my Rocks
Never totally comfortable though
Looks like a triple bottom on the 2 hour chart. We will see as we always do.
I was looking at the chart before your comments and went yikes! Looks like a H&S top! I guess I’m learning something? Hope it doesn’t pan out!
I see Plunger is still tentative too. Thx!
Fear is healthy. The only times I have witnessed complete consensus on this board and the Rambus board were a) January 2016 (the sole exception being Spock), and b) early August 2016 – both times the consensus was wrong. Having a degree of conflicting opinions is a good sign.
I think the price wants to go towards the 50dma which was not tested during this breakdown…
We are below the 50dma
I think you mean the 200 dma
It was what it was
T’is what it is
And will be what it will be….