Goldtent TA Paradise

The Golden Triangle

1. Tbone says:

   February 24, 2018 - 10:23 am at 10:23 am

   A bull market, is that what we are calling it these days? 🙂

2. Northstar says:

   February 24, 2018 - 10:51 am at 10:51 am

   Might not feel like it TB, lol, but unless long term support is breached, we are still trending upwards.

3. JenkinsLane says:

   February 24, 2018 - 10:57 am at 10:57 am

   Another possibility would be for gold to fall to ~ $1200, rally back up to ~ $1500, then fall back to neckline of doom, completing the RHS.

   Thereafter, it continues falling as GFC 2.0 begins in earnest.

4. JenkinsLane says:

   February 24, 2018 - 11:01 am at 11:01 am

   Also, the bottom line with both this (and silver) is they’re *potentially* absolutely enormous H&S patterns building out.

   If you don’t, won’t or can’t recognize that you are, quite literally, refusing to face reality and the market could punish
   you for your refusal to face reality by removing 90%+ of your capital from you, otherwise known as a “non-recoverable” loss.

5. Tbone says:

   February 24, 2018 - 11:19 am at 11:19 am

   “Also, the bottom line with both this (and silver) is they’re *potentially* absolutely enormous H&S patterns building out. ”

   I’m in for a gold trade as it presents itself, but I am concerned about this potential h/s also. Equally alarming and by no coincidence is the huge double bottom on 10yr interest rates building out on the monthly and a huge h/s bottom on the weekly.