AI
Hey Marcos. Here's a Weekly Gold Chart going back to 1991.
I had a look for patterns (like the possible Double Bottom on the Dow chart) and couldn't see any that jumped out at me.
So, I had a look at the Fibonacci Retracement figures.
We're bumping into the 61.8% line.
And at some possible resistance levels above here.
$375. to about $390.
As volatile as things have been, you can see from that Bollinger Width indicator, at the bottom, that the rally for the past two years hasn't had the BB spikes that occurred in 1993 and 1999.
Not yet, anyway.
Gold Weekly back to 1991
Cush
I had a look for patterns (like the possible Double Bottom on the Dow chart) and couldn't see any that jumped out at me.
So, I had a look at the Fibonacci Retracement figures.
We're bumping into the 61.8% line.
And at some possible resistance levels above here.
$375. to about $390.
As volatile as things have been, you can see from that Bollinger Width indicator, at the bottom, that the rally for the past two years hasn't had the BB spikes that occurred in 1993 and 1999.
Not yet, anyway.
Gold Weekly back to 1991
Cush
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