Loading ...Gold : The Fork in the Road is Paved for $900 ?
I’ve have had this Gold LT Log Chart chart on the burner for a while now
The Most Striking feature IMO is the Fork…the handle perfectly follows the downtrend of this ‘correction”
And I just added the dotted lines back from the fork. They fit very well too.
Then of course there is Rambus’s Head and Shoulder Pattern which is very well defined neckline symmetry and all.
AND that 20 Month Exponential MA .
Not To mention Surf’s good buddy Mr Fibonacci. Look at all those Fibo hits
The Road to Gold 900 is paved
See you in 2018
PS…I am Long PMs …go figure
Once a while it’s good to be haunted by the fork, before reality goes orbital.
Watch 1286 turns support.
maybe like 2007/2008 and she double bottom only, either way it’s down town.Nice chart, just when I was feeling optimistic. 🙁
Didn’t I just write a paper on this? So you are coming around then?
Your piece reminded me to review this chart
Unless we can escape this Forking Fork… its down.
Sure would like to get back to the top line then reduce size of position
But don’t tell mean old Mr Market
I’m on board with this as well, give or take.
Agree on view that net upside near term remains into March or April.
I’ll worry about the EW labeling later.
Buy, sell or hold? I had planned to sell half come May, but situation may force a hold when VIX gets violent next few months.
fits randy’s wolfe wave chart plus armstrong and bensimon
Argh…too many Bears…you know what that means
Fully
On 2 hour period gold is forming inv HnS where NL is at 1244 and LS is at 128. At this moment if the RS holds at 1228gold moves above NL to 1246ld will confirm EW wave 3 the target is 1425.
Plus gold has Wolf wolfwave
Hope that works out. 1300 plus would be great…until then its a downtrending channel