Key Inflection Level in Spot Gold?
- Thread starter DannyBly1
- Start date
Quote from DannyBly1:
Gold back at 6-month highs after Bank of Japan stimulus -
Looking at the daily chart we can see that Spot Gold (XAU/USD) is trading right at resistance of the major downtrend line and also that MACD is close to the zero line.
Chart courtesy of Oanda
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Sounds about right, Dan;
most of the 5 year trends are up , 3 year trends are UP, so its most likely an investors paradise.
I like medium term trends also,and frankly i've seen better HI percentage med term trends. But so much money has been made on low %% hit rate ,long term trends, so I am not really bearish. Many trend followers are bearish on big bank sector,BAC, C.
Citi is actually a penny stock[$3.303+/] but reverse split 10 times.Last quarter stock bullish bias could even lift a sinking boat a bit,LOL
But none of this is a prediction: Wisdom is profitable to direct.
