GOLD 0.51% $1,391.7 gold futures

for you doubting thomases, page-2

  1. 5,526 Posts.
    nite,

    don't get excited mate

    i only see him use one tool and thats fib where he doesn'y use extreme points for a long term view, i disagree with that

    his double top and pivot points he used were in a downtrend and not at the top of a trend

    i agree gold is being bought up on fear but it still hasn't changed it's trend for mine

    US$835 is next resistance and US$683 low resistance

    with all the hype and talk over the past month or two it's no wonder gold has had a spike and for mine thats all it is

    notice he didn't keep his trendlines straight?

    he didn't want to see the main trendline,i bet hes got gold

    mainly i see the gold also having a spike on rallying equities

    still over 12 months it hasn't broken downtrend

    thanks for the vid though, ask him to add moving averAGES
 
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