GOLD 0.51% $1,391.7 gold futures

Gold Price - Charts and TA, page-19

  1. 7,702 Posts.
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    @V* - I covered all your options (what you called a flag, I called a down trending channel), and even added one more, rectangle (which was news to gb77, and why not, the whole thing is an arbitrary mish-mash). But people refuse to let go.
    And Martis (now mysteriously reappeared, this time heading to 1,600 (or 1,500) as best I recall - I guess we shoot straight thru 1,400) had a more recent wedge than the one you have. Weren't we supposed to be at 1,400 3-4 months ago, based on a rectangle or whatever?????? Yes, we were.
    Wiser heads prevailed. We are barely above 1,300 now. I'm trying not to laugh.
    So....which is it???????????????????????????
    A decision? The most likely probability?
    I suggest this methodology is not viable, and discard them all....so now all can see how utterly subjective this is.
    As I said..."So, I just don't go there."
    JMO
 
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