Gold Goes Parabolic

Discussion in 'Metal Futures' started by myminitrading, May 4, 2006.

  1. This is a perfect parabolic move.
  2. perfect for what?

  3. Perfect for a long position in USD/CHF.
  4. forgive my knowledge in forex, but are u saying long usd?
  5. MR.NBBO


    There is a disconnect (in my opinion) between the major curriences and gold valuations....we'll see which ones come back to base, I'll bet gold comes down a good bit....and CHF & EUR up a little.
    That said, you've got one goofy chart. You can make anything look flat or parabolic with the right chart manipulation.
    Use a logarithmic chart, and gold will look much more sane, even if it's due for a good pullback at the moment.
  6. either way it looks like Gold on Steroids:) Probably due for some kind of correction soon ..maybe back to 640's
  7. No chart manipulation here or the other chart.
  8. logarithmic gold chart
  9. What goes up must come down.