Golden Neckline by Rambus revisited.
It can really be fun to go and look at old articles and even not so old articles from the past:
It gives perspective.
The Golden Neckline…
Rambus
June 9, 2019
https://www.gold-eagle.com/article/golden-neckline%E2%80%A6
“If gold can closeout the month of June, on this quarterly line chart above 1330, it will show a breakout above the neckline.”
Ho Ho HO!
Here’s another gem from that short article:
“Now the question remains, how may bears are left to defend the 2013 neckline? There is a good chance that if they are exhausted that the price action could just spike right through the neckline this time around completing the massive H&S base which would be long term bullish. Big patterns lead to big moves.”
Closed at $1408.90/1409.90 Bid/Ask on Kitco this weekend, now 30 June. In three hours it will be the end of the second quarter and it#s Sunday so trading for June is OVER!
😀 – but slapped wrist for me for not reading that article when it was written on 9 June!
Stealing a chart from the goldtadise media archive:
Thanks Dave
That was a nice reminder of what Rambus was thinking