Thursday 11 December 2014

Gold Movement to the Upside




I admit, I rarely pay attention to the Gold trading chart, and by rarely I mean once every few weeks – usually when someone reminds me to do it. And that is a mistake, because had I paid more attention I would have seen that incredibly telling reversal signal visible in the monthly filter chart – a doji candlestick. Considering that it is on the monthly filter chart the signal has been there for quite a while, but I am seeing it just now. Am I annoyed with myself at the moment? Very much so. Still, it is not too late, perhaps, to start buying, even though I will have to be much more cautious than I would have been had I seen the signal earlier.

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