Loading ...P&F chart gold
I have read from 2 authors recently (MSA/Goldonomic) that in Gold P&F chart nothing has been damaged technically during recent correction, see what happens next.
I have no clue if this is correct. Any experts in P&F charts?
This chart comes from goldonomic:
33 I have always liked your cautious approach and charts – Thanks
No idea but take a look at the volume around $1300!
What does it mean when the trendline is reset, one box lower?
Good question pedro
looks like cheating to me
🙂
Looks like the secular trendline could be actually one box further to the left and in that case it has already been broken by 2 boxes.
I wonder what the criterion is for a direction reversal. The gallery views usually have a 3 box reversal chart but then those are usually a bit short term than this one, which is 14 years long. Also depends on what the scale is in the first place.
It looks like each division on the scale is about 3% in price.