Goldtent TA Paradise

Dollar Bulls

1. Patrick says:

   January 31, 2020 - 2:41 pm at 2:41 pm

   it’s called resistance

   • Northstar says:

     January 31, 2020 - 4:13 pm at 4:13 pm

     Sure is. It’s been tested repeatedly and held every time. That has to count for something.

     • Karl says:

       January 31, 2020 - 7:39 pm at 7:39 pm

       Presumably some AI is allowed to employ its own bots to gather data. Maybe 1 or more bot- and machine-learning-enabled AI entities, owned by 1 or more massive institutions, have come upon your cups and domes and have learned that it is good to use it to trade. Perhaps they come to this site or to your twitter entries and consume the charts along with precious-metal-related cues such as “Au” or HUI” to help them infer the context.

       With the relatively large volumes and consistency of their trades they are reinforcing the patterns.

       Maybe it or they are also employing the methodology on minute-to minute or second-to-second time frames.

       I am being silly. I think.

       • Northstar says:

         January 31, 2020 - 7:47 pm at 7:47 pm

         Ha ha, you never know Karl, but I doubt my little charts would even cause a twitch with the HFT AI platforms. These arc formations at cyclical lows and tops go back decades if you start looking – they’re everywhere.