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Thread: Dont fall asleep on gold because...

  1. #1

    Default Dont fall asleep on gold because...

    ‘Don’t fall asleep on gold’ because ‘the charts are too good,’ says prominent analyst

    “We don’t want you to fall asleep on gold, the charts are too good,” deGraaf said. “A drop in extreme sentiment during a period of consolidation as the overbought condition works off after breaking out of a large basing pattern is exactly the type of action you want to see.”
    https://www.marketwatch.com/story/do...wsviewer_click


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  3. #2

    Default Re: Dont fall asleep on gold because...

    Still in a downtrend but GLD looks like it might close above its 50-day EMA for the first time in many weeks.




    And the longer-term chart has big old bull flag on it, and looks ripe for a breakout...


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  5. #3

    Default Re: Dont fall asleep on gold because...

    Bull flag go boom!


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  7. #4

    Default Re: Dont fall asleep on gold because...

    Bought another ounce yesterday!

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  9. #5

    Default Re: Dont fall asleep on gold because...

    Gold surges to more than 6-year high on geopolitical turmoil, inflation fears

    https://www.cnbc.com/2020/01/06/gold...ion-fears.html






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