Slope of Hope: Trading channels: Pushing the boundaries

User: Burak: Gold: Trading channels: Pushing the boundaries

Trading channels: Pushing the boundaries

oversold and hated

Image added from tradingchannels.co.uk/2014...undaries.html

Trading channels: Pushing the boundaries

Comments

Billy Ray

Gartman getting Bearish was the sign that a face ripper is coming. Something like +40 in a day. 5/29/14

Dink

Is sentiment towards gold really "hated"? Sentimentrader puts gold sentiment at neutral and my reading of media and public opinion is that gold is still bullish. 5/29/14

Kona_J

Strong upward bias on Friday's, especially after the previous week was flat. Doesn't mean that it will, just a tendency. 5/29/14

Burak

Looking at the price action investors hate gold and only price is what matters. 5/30/14

Dink

I don't believe price is all that matters, I believe volume matters too, but nonetheless, sentiment towards gold doesn't feel capitulative yet. 5/30/14

Burak

Ok if you say so. I can't make money with volume. I short this market until I can't. When the time comes I will buy it too :) 5/30/14

Dink

Let me know! 5/30/14

...