I posted this one on the CFZ-EW thread about a couple of months ago. Looks like so far it doesn't need updating.
stockcharts.com[p,a]waclyyay[pb50!b200][vc60][iub14!la12,26,9][J52668250,Y]&listNum=1
I do not have any overriding fundamental OR technical philosophies as related to Gold. When I see a juncture, i play it. The action since the 2003 top has all attributes of having been corrective, so, this chart is bullish to me. A coupleof caveats: a) the correction may find a way to become more complex (including a possibility of a sizable down move), and b) if it's some sort of a "fifth", it may not necessarily be very big and strong. But then again, for the time frames I usually trade, this is just a general map, and the devil (and the money) is in the smaller details. |
