Gold price in
weekly chart
Someone asked me about the gold price.
I looked up and analysis not only for him
but also other anchored investors.
It is too doom to satisfy many investors
who had been hooked for 3 years
But you will be unchained from this shackle
when you see “Double bottom” signal
Let me illustrate more specific in terms of
chart language
①
is box (rectangle black box) I guess
the price will be fluctuate between upper(③) and down side(②)but ②
will be unfortunately breakthrough 1209.30
②
is price of 1209.30 which is
down side of box
③
is upper price of box 1415.86
which is hardly breakout
④
is the price of gap between 1209.30
and 1415.86. it is about 15.75% which is supposedly fluctuated and is finally
breakout to down side ( sorry ! it is too pessimistic result for my readers)
⑤
is two MA lines. One is 120ma
and the other 240ma (ma=moving average). You may be happy for a while when two
lines is interlinked (so called “dead cross”) because it is meant to be rebound.
We call it “process of corrective wave” when dead cross is occurred. But not
too long it makes you happy it will be down again to the bottom side of box.
⑥
is the double tops which all
cause has been bring about since it is bad signal for all investors. ( see the
yellow line of 20ma)
⑦
is the sign of double bottom
which you should wait for it since “Every flow must
have its ebb”. It is rescue sign of your money and free from this bondage which
you shacked for 3 years investing
