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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Sun Tzu who wrote (14262)8/10/2022 1:16:23 AM
From: Kirk ©  Read Replies (1) | Respond to of 27068
 
You were discussing gold so I pulled up my GLD chart and without touching it, found this long rounding bottom pattern I drew some time ago was both violated and tested from below...

My guess is raising rates makes the USD strong which hurts gold... we got a bit of a break from that and now gold could head even lower in what looks like double top of sorts.

it will be interesting to see what tomorrow's inflation number does to this chart.




To: Sun Tzu who wrote (14262)8/10/2022 1:17:21 AM
From: Kirk ©  Read Replies (1) | Respond to of 27068
 
Here is my GOLD vs USD chart