**** said: ↑
I don't "profess to charting" either **** for reasons shown below, and if you want to know where the price will be by years end I wouldn't waste time consulting the charts, a quote from XAU :-
"On the downside, support comes in at the 1,280.00 level where a break will turn attention to the 1,270.00 level. Further down, a cut through here will open the door for a move lower towards the 1,260.00 level. Below here if seen could trigger further downside pressure targeting the 1,250.00 level. Conversely, resistance resides at the 1,290.00 level where a break will aim at the 1,300.00 level. A turn above there will expose the 1,310.00 level. Further out, resistance stands at the 1,320.00 level"
Wow!! Isn't that mind bogglingly amazing!!
IF it goes down to one level (yep. you'd better believe it) it COULD go down to the next level, IF it does go down to the next level it COULD go down to the one below that and so on. How good is that!!
But wait, there's more!
You are not going to believe this ****, IF it goes up a level instead, wait for it, YES, you guessed right, it COULD go up to the next level above that!!! After that it COULD go up to the next level above that again!
Eureka!!
Now, thankfully, from the charts we know that the POG will be somewhere between US$100 and US$20000 at years end.
