well stupid was right over and over and over again mr. i don't want to hear about fundamental bs lol. and i thought there was a more simple axiom in trading....the trend is your friend. to you the trend is not your friend!
JSSPMK So what was your reason for a long position EXACTLY? Spell it out already. Let's hear it. We are all waiting. 4-5 sentences , a short paragraph should do it.
I trade via charts, I specialise in histogram analyses. Pattern seen on the Daily chart in C is almost identical to the one currently seen in Gold's daily chart, which BTW has been called here well before the move started & now is totally in the black. Difference is that C has been putting in a divergence, when Gold's pattern was putting in early stages of inversed H&S via price action, but histogram pattern is almost the same. If anybody wishes to say - Hey, Gold is in a uptrend, then yes it is, depending on which time frame chart you are looking at. I will also mention that when price has gone through a period of substantial declines short squeezing/covering occurs at rediculously fast pace. Again I refer to futures, stocks I am not that familiar with. Today's p/a line chart depicts a very sharp angle off support, if current resistance is taken out, this could well be the time when PPT steps up & upside could be substantial. BTW not that it might matter to some, but according to current recommendation stop is at $17.26 as stated