I'm not a technical investor and don't profess to have any knowledge in this area, so this is asked out of genuine interest in learning the thoughts / knowledge of others, but couldn't the graph you showed of the gold futures also be considered a potential accumulation pattern?
Best looking weekly chart, page-542
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Last
$16.79 |
Change
0.290(1.76%) |
Mkt cap ! $19.30B | |||
| Open | High | Low | Value | Volume |
| $17.00 | $17.14 | $16.78 | $60.45M | 3.571M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2844 | $16.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.80 | 2886 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| NST (ASX) Chart |