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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (90667)	3/16/2017 2:13:05 AM
From: Underexposed	Read Replies (1) \| Respond to of 220625

on gold, the closing price is very misleading, that's not really where it closed, that's only an exchange electronic close... take a look at where it is right now Yeah I might have spoken too soon... I forgot to look at the futures {sigh} Still the price has stalled around $1225 and that is a resistance point. It will depend on what the Asian and European markets do to it I guess. I hate gold in many ways... it is the lover that has jilted me too many times to count over 10 years or so. Yeah tomorrow will be interesting... the stocks held their gains at the end of the day when Gold fell back... will they gap up with the rise overnight??? Don't know.

To: GROUND ZERO™ who wrote (90667)	3/16/2017 2:24:38 PM
From: Underexposed	4 Recommendations Recommended By 3bar GROUND ZERO™ John Pitera Qualified Opinion Read Replies (2) \| Respond to of 220625

My update on the price of gold..... Well... Stockcharts did finally update that chart with the after hour gains so here the chart I looked at on Message 31032047 Now this is the chart they now show for that last day Even with that nice bounce yesterday there is not much of a difference in the indicators, is there.... The slow Sto was raise a tiny bit out of the mud...a tiny adjustment to the slopes of the MACD and BBWidth. Now it is normal in a consolidation period... (this is a bear consolidation) that the price tends to gravitate to the 20 day SMA... well this may be a start of that gravitation. Let's have a look at the P&F chart again this is still working on updated yesterday numbers there is a rather broad based resistance between $1215 -1225....the red number below is where stockcharts had the EOD number. How is the price of Gold faring today... well I look at FinViz for that Well as you can see the gold price has been fighting that upper level of the resistance band all day...Briefly breaching it at the start of the day but falling back to it by day's end. Gold is such a fickle mistress... I don't trust the bitch anymore :) Looking at the sharpcharts again I still see gold in a bearish mode... at best it will head only to the 20day sma which for very short term traders may be ok.... at worst it will stop playing games ant continue to be a bear... I still favour the latter.