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Gold Gann Update - Current Pullback
Created on: 8/10/2021 2:22:45 PM   Last Update: 8/10/2021 2:28:25 PM Posted by: RTT

gold-gann-update--current-pullbackA quick look at the current gold 'smash' sell off with zero point Gann Angles managing the pullback.

Drawing Gann Angles from ZERO on the date of an important previous high is the starting point in drawing these angles.

The fits looks very good, which suggest the 'whales' use Gann Angles in their process, of course if they fail we may consider another important high point to re draw Zero Gann angles from.

For Members: These angles are drawn with the Trendline Degrees tool.


GLD



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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. This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.


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...

.."Thus, I affirm, every class of phenomena, whether in nature or in the stock market, must be subject to the universal law of causation and harmony. Every effect must have an adequate cause."..

William D Gann


.."What greater wealth is there than to own your own life and spend it on growing"..


Ayn Rand

.."The problem with socialism is that you eventually run out of other peoples' money"..


Margaret Thatcher

.."man exists for the achievement of his desires"..


Ayn Rand

..“By failing to prepare, you are preparing to fail”..

Benjamin Franklin




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