Of Gold Extensions مقياس إمتدادات الذهب
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
Your opinion is appreciated.
Can you please explain the implications of the Gold/Oil ratio? I saw you tweeted about it, and my book of yours is buried somewhere - time to write a new one!
I see some possible serious moves with it - double-top in the 30's? Or it crashes straight through to all-time highs... If resistance holds, does CAD make a comeback? With this environment, and probably few if any rate hikes, I don't see gold going much lower. Perhaps the biggest surprise of 2016 is that oil rebounds (sharply)??
Thanks,
Rob (one of the original forum contributors :))