Thursday, February 16, 2017

Gold chart

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.

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