Gold has been going through cycles of capitulation and euphoria forever, but the past few cycles look interesting. Note each selloff looks like a disaster on the chart with "terminal" declines in 2 of the last 3 cases. The triangle breakdown this spring caused a healthy wipe-out of any tight stops and set the market up for a decent advance each time.
Time will tell - for now I don't have any fundamental reason for gold to go up but for now the chart seems "wiped out" enough for a rally to create a new pattern of "euphoria".
Tim 9:19PM EST 1307.48 -3.29 last Sunday, August 10, 2014
Time will tell - for now I don't have any fundamental reason for gold to go up but for now the chart seems "wiped out" enough for a rally to create a new pattern of "euphoria".
Tim 9:19PM EST 1307.48 -3.29 last Sunday, August 10, 2014
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.