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Created on: 10/10/2016 2:15:46 PM Last Update: 10/10/2016 2:18:42 PM Posted by: RTT
WARNING: This entry is 3531 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
1 POST
Gold and Silver Trend Intact
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 Over the last 18 month we have had a new bullish trend start in gold and silver.
The trend is still intact, as nothing moves in a straight line, a trader must expect pullbacks.
Readtheticker.com RTT Steps tool does so much more than the age old moving averages, they give you the range of expected movement during a trend, a possible pullback reaction line (below the red dotted line is set to 60% pullback [60% between upper and lower range of RTT Steps], and off course a quick view of support and resistance.
Yes one can say that Gold and Silver have yet to confirm their new trend by breaking out higher, but trends have to start somewhere, and we shall have to wait and see.
At this point in time, if price halts the current punch lower, the trend should resume higher for both metals, and you can see on the chart below it is a great time to consider an entry point.
Click for popup. Clear your browser cache if image is not showing.
NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.
Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
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NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote...
.."While I have made it a practice to limit my risk in most cases, I can trace most of my principal losses to my failure to place stop orders when the trades were made."..
Richard D Wyckoff
..“Don’t try to buy at the bottom and sell at the top. It can’t be done except by liars.”..
Bernard Baruch
.."Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception"..
George Soros
..“It’s not what you own that will send you bust but what you owe.”..
Anon
.."The key to making money in stocks is not to get scared out of them"
Peter Lynch
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We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund
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AAPL AORD AUY BB BTC COP CRB DJI DOW DXY ETH EUR FXE FXY GDX GDXJ GLD GOLD HMY HUI INDU JJC LTC MCD NCM NFLX OIL PALL QQQ RGLD SIL SILVER SLV SOX SPY SSRM TLT TNX TRAN TYX UTIL VIX XAU XLE
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