What you see is what you get
Any thing is possible in price changing market, if we study from the historical data of gold can know that after a big shoot up will have A,B,C, cycle of high, the D cycle will be higher than C , so will this round change the rule of the game? A very different shape in between AB and BC + a uptrend always never have 3rd lower pt for all the financial index, especially look at the chart of DJI and others important indexes nowadays, give us a hint to its future trend.
I always dont buy the idea that when bank buy in GOLD or other metals will make the GOLD move up yet is only a small bank in this world Silver it is just follow the foot step of the Gold. China now also a world biggest importer of gold also wont make the gold price up, GOLD move go south again now 1661.25. I had thinking before now economy so bad when gold price move up will only make more people to sell their gold not to make people jump into gold .
MACD ? I don't like to use it cos it is always a step slower. MACD now about 17 it low was about 49 and it high was 64, so mean MACD at it 50/50. let look at my TAS it is so high now about 89 so there is more chance for the gold to go down.
Sunday, August 26, 2012
