so @wombat53
if i take your excellent usdjpy and usd gold comp - as i said 2 weeks or so ago - my rough expectation is a high volatility b/o when green line and blue line below intersect - but imo it will be the result of usdjpy breaking the neckline directionally - either above 1.05 or below 1.00 (usd gold rises)
and because its such a congested space - i expect usd gold could be pushed down to the 'red line' - the channel trend that supported gold from 1200 - without the usd gold uptrend having broken
as thats what marketmakers generally do to flush out weak hands - drive prices to within 2% below the trendline
but if it goes lower than that red line I think gold uptrend is broken
- Forums
- Commodities
- GOLD
- Gold Price - Charts and TA
Gold Price - Charts and TA, page-249
-
- There are more pages in this discussion • 1,013 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online