That is also great TA analysis wombat53. However, if you read...

That is also great TA analysis wombat53. However, if you read between the lines (pun intended) we are at a stage in World markets that TA is not as reliable as it used to be. They know how to play the TA cards to influence sentiment quickly one way or other IMHO. More so relevant to specific markets like the POG. The POG is set by the Commex price regardless of the old theory or not. And......... at 500:1 ratio of paper transactions to physical delivery nowadays it is even easier to manipulate with a never ending line of credit like some market makers might have at the moment??? We are all at their whim and mercy is the point I'm trying to make.

Refer to my post about the factors that drive the POG. Considering the state of financialisation around the World at the moment on top of all the issues in the geo-political factor then anything can happen like a flip of the coin. There is so much capital floating around looking for a home that it makes it nearly impossible to have confidence about any form of analysis relating to the movement in POG.

Regardless, if we want to invest or trade we need something to use as a tool don't we? Whatever gives us confidence is good, even though not the best, but might make us better one of these days. lol good better best.

Cheers