Re: Gold Technicals?
I appreciate the commentary on this site (at least, those postings greater than two words!). Are there any technicians in the crowd?
My trading tools are a small set of patterns (I live for the wedge!), 60-minute MACD, 9-bar EMA (multiple timeframes) for trend I.D., 20-bar EMA (5, 15, 45, 135-minute) for support/resistance. And the usual suspects (200-day SMA, oscillators, and the like).
Two questions for this erudite group:
1. What technical tools work for gold, XAU, and gold stocks? Each market has it's idiosyncracies, what are gold's? The COMEX delivery cycle seems important, of course.
2. How excited ought I be about the downward wedge in the weekly COMEX chart (goes back to late 1999). This pattern is quite bullish.
On a non-chart note: What royalty/yield plays are there in this sector?
P. |
