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
$15.26 |
Change
0.260(1.73%) |
Mkt cap ! $17.53B | |||
| Open | High | Low | Value | Volume |
| $15.05 | $15.26 | $15.05 | $84.08M | 5.534M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 121304 | $15.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.26 | 22919 | 3 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| NST (ASX) Chart |