The Really Useful Gold Thread

You will all remember Frizzers downtrend line of the Autumn as you all used it as an essential trading tool during the Aug-Nov period. For gold bulls, I regret to say that I have discovered another line of resistance which may take gold several attempts to get through, though I suspect few than before as there is a triangle forming which is nearing its apex. The barbarous thing will have to break one way or the other. My suspicion is that it will be to the upside as the moving averages are converging in an attractive way. However, I suspect a little more downside first.



You will see analysts start using this line in their essays over the coming weeks. However, you will all know that it was Frizzers who first identified it.

The volatility of today's market was virtually untradeable. Short of selling everything and coming back next week, which is such a drag as you then have to take new positions, I think the best method was to look at he long term and go for a walk in the park. Me? I went to see my accountant.