GOLD 0.51% $1,391.7 gold futures

gold stuck in a downtrend, page-4

  1. 17,482 Posts.
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    Tks for that, it illustrates my case exactly.

    Lies, statistics and damn charts.
    Charts are interesting to look at but they are only historical data displayed in an easy to see format. They do not predict anything and cannot. You can put all the swirly circling fibonachi lines on them as one likes but it doesn't change the fact they are just historical data.

    The only good thing you can see on a chart is where people tend to buy and sell and the chart makes it easier to see, but then you don't really need a chart for that.
 
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