Some may recall this chart I posted last Dec when I noted OBV was beginning to diverge from price action. I also noted a parabolic curve that was fitting price movements. Although most are dismissing any possible resistance coming into play, I still see it immediately on top of us. Collectively this looks like high risk long territory to me. Prices correcting back to the parabola wouldn’t shock me, perhaps making a higher low. Although I pretty much dismiss everything Armstrong says, this would fit his timing that gold may not be truly ready to make a sustainable move until 2018. Just throwing out some alternative scenarios we need to watch. Everything must be considered!<\/p>\n
Some may recall this chart I posted last Dec when I noted OBV was beginning to diverge from price action. I also noted a parabolic curve that was fitting price movements. Although most are dismissing any possible resistance coming into … Continue reading ![\"GDX](\"https:\/\/goldtadise.com\/wp-content\/uploads\/2016\/07\/GDX-Weekly.png\")
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