Gold price, page-10009

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srm777

957 Posts.

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05/01/17

09:33

Post #: 21688061
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Originally posted by V* ↑

Chart update. The breakout from last night has pulled back. Need to see it settle and then push back up and over $1166 to know that is not a false breakout. Getting in before that will be cheaper perhaps, but also a gamble if it's not really going that way. As Wombat says, you pay for confirmation.

Something else interesting in the chart today, check out recently (purple) how POG has risen higher with each of the top peaks in the US dollar. Hardly a direct correlation anymore, POG seems to be gaining some ground.

One more post from yesterday that has really got me thinking, and makes me feel cautious buying back ATM, that's this post here. Lengthy, but have a read. Might be new tricks in here that we can learn from (or at least watch to see how it goes in terms of price prediction).

https://hotcopper.com.au/posts/21678977/

Been watching this person for a while now, just seeing sense in their posts. Previous bull turned bear - simply from reading the charts and this 'negative RSI' which I should like to watch a bit and learn more about. Objective poster. I like.

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Yeh @obladidabla01 is a logical poster.
Logic is my new motto
Simplifying his strategy into momentum and trend analysis is the chart below.

For the momentum indicator, i have seen MACD and stochastics(RSI) used, separately and together.
Hidden bearish/bullish doesn't always come off; ive missed a few extra pennies dropping stock in preparation for the hidden bearish drop.

srm777

BDR Price at posting: 28.0¢ Sentiment: None Disclosure: Not Held
6 Upvote

0 Great analysis

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