Loading ...Sneaky Bull
Gold Daily has quietly moved into a Bullish Posture .
We had a breakdown BUT it has been negated . It turned at an important support line
Gold is above both the 50Wma and 200Wma
The 200Wma is flatlining….rarely do we see an important moving average going dead flat for lie 2 years
That screams “consolidation” to me
If (Gold Willing) we ever breach 1350 ( The neckline the whole Goldosphere is watching ) that will be a glorious day for goldophiles .
‘yellow vests’ in France planning for people to withdraw cash from banks to try to create a bank run, hmmmmmmm interesting gig, will see how the powers above react and possible limits enacted which should make more panic methinks. Loads of juniors on my list getting more volume along with mov, avg crosses to the plus
wow…that’s something I didn’t know ! Ha
Up here in Canada there are Commercials for the CDIC….all day every day on certain channels ( Sports)
Like who the F^K cares eh ?
Well the CDIC is the Canadian Deposit Insurance Corporation. It has a few bucks stashed away in case your bank loses all your money.
SOOO no need to take your money out of the bank eh ?
Now back to the Hockey Game…
Very sneaky. I suspect after the general markets finalize the backtest to their drops from late last year, that along with reduced/no rate hikes would put the icing on the cake to surpass $1350-$1400?
Looks like it still needs to break through $1300 on the monthly charts, then it would be looking very promising.
Great chart and great synopsis. Developments are very encouraging so far. Kind of exciting, really.
One thing though, a typo. Its 50WMA and 200WMA instead of DMA.
Cheers, Sir Fully.
oops thanks Foxy
fixed
I do believe that Rambus’ post tonite sheds some light on this topic…as always. Close, but no cigar yet. For those with cajunas, getting in now could be the fortune-maker. Could be…..
Log or linear?
On a linear chart you see a breakout, but on low volume. Same chart in log and you see several attempts to break the trendline, none succeed. Same volume. Looks to me like the upsloping line is very strong resistance.