Excuse me, Emperor…
I see a lot of bullish posts out there – and I hate to be the one to ask the Emperor about his clothes – but does this really look bullish?
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NEVER EVER
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NATURAL VS ARTIFICIAL IMMUNITY
*DECODING THE NWO
PRE EXISTING T CELL IMMUNITY
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POSTING INFORMATION
That Head and Shoulder Pattern shows Up everywhere in the PMs on the daily charts BUT the weeklies are at strong support levels and they exhibit beautiful Inverse Head and Shoulder Patterns
Thus the Bullish posts
Therefore I declare I am Flat until further clarity
I do favor the weekly look at this point however
Weekly Trumps Daily usually
https://stockcharts.com/h-sc/ui?s=%24XAU&p=W&yr=5&mn=0&dy=0&id=p86911477246&a=487298059
Isn’t there a lovely H&S pattern in the past few months, neckline 79, top 114. pointing right back to the Dec 2015 low?
PS…that chart is what Bottoms Look like….a 3 year basing pattern…would support quite a powerful move .
For all the bearishness we have felt the last 3 years we are at the same level we were at 3 years ago
This big old bad old bear market had ONE hard move down for 9 months in 2012 roughly from 200 to 80
and well now we are still at roughly 80 ! The weeklies are Bullish !
Maybe, but COT data is almost as bullish as we were at the top back in 2011.
That’s STALE data…BEFORE Trump won !
Definitely stale data, no way COT is at super bullish levels right now.