GOLD 0.51% $1,391.7 gold futures

Gold Price - Charts and TA, page-261

  1. 9,770 Posts.
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    here's my weekly.  rising green line is the weekly uptrend - the red line is that channel support or fractal that seems to have been the backbone for the entire move.

    the uptrend and downtrend from 2011 intersect mid November

    i stil think the usdjpy will be the trigger - it will be just reflected here - not driven by usd gold.
    but thats just a view.

    i also have an opinion that - because usd gold reflects so many other currency and interest rate differentials - i tend to think its technical reliability will break down the further it gets from key catalysts events/primers.   its not a supply/demand driven item at this time so its price expression i think has much more arbitrage away from key concensus points.

    which takes me back to usdjpy

    usd pog weekly 29 sep 16.png
 
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