Update: [img]
Price looks a bit old on that chart, I believe GC is aroudn 1125 now.
I agree that previous setup was beautiful, with a nice pop out of the triangle. I've outlined the reasons why I went long, so it's up to you...
A better look at the resistance that broke [img]
Elliott wave count
Trendline broke + resistance broke + bullish elliott wave count = I'm long [img]
GBP / USD count
GOLD COUNT: I counted 3 1-2s off the bottom in my intial count, but here it is updated.
Have you compared 20ma with 21ma? 50ma with 55ma? I find a bit better correlation with the "fib" ma's. Happy trading
yea totally not complicated to quadruple your stack in a day
Updated gold count
Funny, I see an inverse h&s on gold too.. :D
anyone else see the irony here?
i hear ya buddy but the only way the fed will end is when their notes become obsolete
Yea, I was lying. You're hopeless.
Your only problem is that you don't have enough capital. Can I stake you?
Was NASDAQ in a bubble leading up to 2000? Bubbles can last for years and yield great returns in the process. Gold bull markets have historically...
Easy money in the stock market may be gone but the bull in commodities is far from over.
Ouchhhh - I'm pretty heavy long gold - thanks for nothing asshole
i fail to see the h&s
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