Thursday, February 16, 2017
Let's see if Blogger lets me post a gold chart again:
Ah, there we go.
I wanted to post it to show how gold keeps dipping to the Bollinger mean, and at the end of the last month to the SMA(50), just like clockwork.
This is a very dependable advance.
But I guess it'll move slower as it approaches $1250-$1255, which is an important point on the previous downtrend.
Then again, maybe not.
But I love how new buying keeps driving gold back up when it hits all these little technical averages.