Applied “rate of change”
I’m starting to experiment with “rate of change”. Using my monthly chart, and a rate of change indicator set to 1 monthly candle…then applying a 12 month moving average on top of it.
I’m trying to see if contraction in volatility “rate of change” can add evidence of “break out mode” vs “consolidation mode”… where is gold now? what are the next hurdles?
Adding “rate of change” analysis to Silver! Almost forgot about BOB.. he’s the most manic of them all!
Interesting Work Patrick
Gold looks good but Bob s Pathetic !
I wonder if Gold will fly solo this time ?
Sure look like it…we have this fantastic breakout in Gold and the Rest of the complex just sits there in it’s range.
Silver will breakout.. just need patience. Notice how the contraction and monthly chart breakouts happened closely back in 2003… I’m expecting more of the same.