DrStool Posted December 10, 2021 Report Share Posted December 10, 2021 Just when it looks as though bears might have a shred of hope, potentially bearish setups turn bullish again. Ho hum. It's only been like this for a dozen years, so why expect anything different. Right now, this pattern only has clearance to 4697, where it runs into chart resistance. But if it clears that, then it will set its sights on testing the high of 4711. God help the bears if they clear that. They'd get to 4745 in a heart beat, and the measured move implied target of the big base pattern would be 4950. Although I don't think they could do it today. More later! Meanwhile, the big picture. Reason for Hopeful Pessimism on Gold What I Did Won’t Surprise You, as Buy Signals Surged in Swing Trade Screens Here’s Why Truncated 6 and 12 Month Cycles Are Scary Why It’s Big Trouble that Real Time Tax Data Shows Economy Still Growing Fast When the Fed Balance Sheet Will Hit the Fan If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter. Link to comment Share on other sites More sharing options...
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