ajtj's Post-Lobotomy Market Charts and Thoughts Message Board

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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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ajtj99

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Sun Tzu

To: Sun Tzu who wrote (44140)	11/19/2021 5:26:59 PM
From: Qone0	3 Recommendations of 89505

Gold is a different creature, it trades as a currency and a safe haven asset. It also has nasty spikes. When it's trading as a currency then the USD affects it. When it goes into safe haven mode it will ignore the USD when it rises and spike when it drops. If the 50 hsi level holds on the daily, then its in safe haven mode bull mode. Look at this chart, only the HSI indicator and the HSI arrows. Ignore everything else. See what happens when the HSI holds the 50 level? This is important, if the 50 level fails then the run is over and the T2 will be hit. What I expect is it to bounce off the 50 and not be a short until the second HSI arrow fires.

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