Gold: Remember the Messy Symmetrical Triangle?

March 13th, 2008

WARNING: This is not a recommendation to buy, sell or hold any financial instrument.

I was just looking at the four and eight hour intervals on gold and my Magic 8 Ball, chicken entrails and tea leaves lead me to believe that we might have a bullish Symmetrical Triangle forming… Yeah, squint really hard, it might help you see it. * chortle * And right under that big, fat $1000. Squint some more and you might see a bullish Ascending Triangle.

Gold: Intraday Intervals Forming Messy Symmetrical Triangle

Weeeeeeeee!


Gold, eight hour interval, symmetrical triangle breakout

Trying for a grand, again.

Posted in Economy | Top Of Page

2 Responses to “Gold: Remember the Messy Symmetrical Triangle?”

  1. Eileen says:

    When to sell?
    Hold em or fold em?
    I’m holding long term, but sheesh.

  2. pookie says:

    Eileen, according to Jim Sinclair, who certainly has the experience and is pookie’s gold guru, Keynes’s “barbarous relic” will be blowing past 1650. http://www.jsmineset.com

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