Absolutely Critical Support for Gold
Ross Clark is a technician’s technician from Vancouver, BC, with more than 40 years experience. He is one of the original members of CompuTrac formed in New Orleans back in the early 1970s and is something of an encyclopedia on historical patterns.
http://www.institutionaladvisors.com/ross_clark.html
The attached PDF is a must read. It gives an unfailing historical occurence dating as far back as 1975. Short and to the point: IF gold takes out the low it made during the last FULL WEEK of August (1278.50 Spot, 1281.30 basis December ’17 Comex) then the overwhelming odds are a BIG drop to 1200 – or lower.
Chartworks (Ross Clark) – Gold’s Critical Juncture into September 08-26-17
I’ve read this man for years and his work should never be ignored.
That’s pretty much was what Bob Hoye is saying in my 9-16 post.
Thanks.
$1200 is around the apex of that damn triangle. I have a nagging feeling we’re going there…
1300 was R for a time. Now temporary S.
Bet it holds (or is broken only marginally as a hint) on this drop.
Then we lose it after the coming (lower) high.
I think that’s quite a high probability Pedro.
Thanks