Backtest of Aug 21 BO?
Backtest of Aug BO or complete breakdown in the works?
We will soon find out. I’m still with the yearly trend of sideways? Everybody else seems to be washout? Graddhy is still Bullish.
Rollaids, Scotch and Counselling if req’d lol – Yikes!
Good Chart Red…how about a doobie ?
I like the way you draw that line …real thick…for sure the price will bounce off that “solid” support line
🙂
lol heear….
Gary Called it last Aug!
“August 12, 2017 – 11:57 am
GOLD: FEB 2002 & NOW 125 & 250 WEEKLY SMA’s
I have been using the 125 SMA as it works well on many time frames w/ gold. Today I add the 250 SMA as well and check in on the last major bottom in gold via the weekly charts. Its a good time to check in on this as we’ve just had the 1st weekly closing above it since the breakdown bounce in 2013. Hypothetically speaking, if we were to continue playing out the 2002/2003 move, the MA cross over would come in about 10 months from now. Symmetry-wise, that would work out well via timing. Personally, I doubt we’ll break much above $1400 before next April based on that alone but would certainly welcome it. The 1st chart is gold today, the 2nd is the BO > the 250 SMA in 2002. The 3rd chart is the 2002 era SMA crossover (10 months later) and the 4th chart is 2003 a full year after the price BO above the 250 SMA. The 5th chart is one I am following that is based on time symmetry. I still can’t shake the feeling that gold has one more downside surprise before a fast reversal higher next year but thats no wonder the way its wearing everyone down. The last chart is a projected path for gold which makes a new high/ capped by $1400 the a correction to $1250ish. Then a real rise can start.”
Gary called it last Aug. You still looking at $1250 or a washout? Tell us where we are at?
price in the middle of wekly bol bands. Hui nearing bottom of his bb weekly