Zeev's Turnips Patch-No Politics (ZEEV)

[augieboo]

mlsoft, here is a more bullish, non-PnF, read of XAU for you.

I think XAU is due for some retracement here because it is sitting just below resistance from the top of its late-July crash dive from about 74 to about 54. (A move above 74 negates that dive completely, IMHO.)

But, I think it's possible that any near-term pullback in XAU will be stopped by the support at the 67 top, with a result that could wind up looking something like this:



Note: Given that I completely missed the ENTIRE move from 54 to 73 -- (I kept waiting for the next crash dive, which has yet to come), you should probably take this with a grain or two of salt. {g}

(:




My Threads --
Archive of Trading Stuff #board-1220
PPT Archive #board-1280
Charting Experiments #board-1263