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Gold Gann Update - Current Pullback
Created on: 8/10/2021 2:22:45 PM

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.


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Investing Quote...

.."Money is made in tape reading [chart reading] by anticipating what is coming -- not by waiting till it happens and going with the crowd"...

Richard D Wyckoff


.."It does not take a majority to prevail, but rather an irate tireless minority keen to set brush fires of the freedom in the minds of men"...


Samuel Adams

..“It’s not what you own that will send you bust but what you owe.”..

Anon


.."Money couldn't buy friends, but you got a better class of enemy"..

Spike Milligan


..."The four most dangerous words in investing are 'This time it's different' "...

John Templeton




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