GOLD
Just an observation, what if this is the channel gold is running in? Notice how when it turns down that it falls at and usually finds bottom on the 64 degree angle, not always but enough to be of concern. If this is the channel it is following it will hit the bottom rail sub 1000 in early March. See the black 88MA, it is modified and has had 3 perfect hits, if it doesn’t make it on the third does it fall hard or do we get another run. Looking at a monthly chart the Gann angles are saying we hit about 1157 by month end and leave a really nasty doji, I really don’t want to see a close below 1170 as that compromise price on the weekly, probably doesn’t mean anything in a bull but I guess that is the million dollar question, is this a bull or BMR? I see lower for now.
would be nice to get it over with before crapstorm in Europe this summer. I did the math on some symmetry with the last major fall and usually they match so the last drop was 140 points. To match again will take us to 1040 spot. If so then we have had a very short seasonal rally thus far. As it stands it looks like a crappy monthly number for the books. nice chart by the way.