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Here is a daily chart of the continuous gold contract (/GC) with a view broad enough to take in the previous intermediate cycle beginning last July 28. For now anyway, it looks to me that gold's current situation is a rerun of the early August time frame.
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Click on the chart to ENLARGE
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I suppose if this plays out in true deja vu fashion we could now expect gold to spend several more weeks inching up to the $1432 level, flattening out as it gets there, taking a deep breath and then once above that price level, accelerating higher with parabolic determination.
Nov. 23 Weekend report
23 hours ago
Hi John I'm wants to say Thankyou for your advice
ReplyDeleteOn SLV , sold my call option to day gain A very
Good returns,
Thanks again
Happy Trading
Norman Tam