GOLD 0.51% $1,391.7 gold futures

For all Gold Bugs fretting over the charts, or celebrating,...

  1. 366 Posts.
    lightbulb Created with Sketch. 10
    For all Gold Bugs fretting over the charts, or celebrating, depending on where YOU decide to draw your lines and what time frames YOU use, here is some info I extrapolated from them :-

    Aug. 2013 peaked at $1434, Dec. 2015 bottomed at $1047, Jul. 2016 peaked again at $1371,
    Dec. 2016 bottomed at $1126. This month 1st May 2017 peaked at $1271, bottomed on the 10th at $1213, peaked again on the 18th at $1265, currently $1249 and trending down from yesterday's high of $1253.

    The point being it jumps around all over the place depending on events occurring that day, week etc and I defy anyone to look at a chart and tell me whether the price will be above or below the current price at any given time and be consistently correct (above 50%) one week from that date over a period of 6 months.
    If anyone can be bothered and wants to boast their results post them on the thread and prepare to be hammered.

    I'm not interested doing it myself because I don't believe in TA, for better or worse.
 
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.