Goldtent TA Paradise

$XAU Is the “4th time” a charm?

1. Schism says:

   February 23, 2019 - 9:10 am at 9:10 am

   Thanks Patty, are you proposing that it wedges out into that square?

   • Peppermint Patty says:

     February 23, 2019 - 1:20 pm at 1:20 pm

     I made this in December – wanted to see what the parameters were for a potential breakout of the downtrend line in 2019 – didn’t expect it to be pushing it in mid-February, but here we are. So, now you know what I was looking at – most bearish here after the run-up from November would be a breakout here without consolidation first and/or a breakout and move higher without consolidation after the breakout, IMHO

     But a breakout and then a move down the downtrend line for the balance of the year seems unthinkable, but rather devious – and would buy more time for the broads to top, Hmmmm

     • Schism says:

       February 24, 2019 - 11:53 am at 11:53 am

       Ok ty. Maybe the xau gold ratio will be the clue…if that breaks under 16 miners will probably fly. I feel everything is a mixed bag right now. Lots of bullish and bearish possible endings. I certainly could see xau popping up to 114 and then drift back down the rail, especially, as you say if its a vertical rip up. shall see, thanks again

2. Northstar says:

   February 23, 2019 - 1:02 pm at 1:02 pm

   Nicely done 🙂