XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
DislikedWhat Does Cup and Handle Mean?
A pattern on bar charts resembling a cup with a handle. The cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the pattern has low trading volume. It can be as short as seven weeks and as long as 65 weeks.
As the stock comes up to test the old highs, the stock will incur selling pressure by the people who bought at or near the old high. This selling pressure will make the stock price trade sideways with a tendency towards a downtrend for four days to four weeks......
DislikedEveryone enjoying the Crash so far? I have another trade coming soon.Ignored
DislikedWhy? Because of the meeting. Nothing else. And on top of that, there is NO interest by any seniors in ANY juniors. NONE. Explain that.
I will explain it, it is because there is too much gold. There are devices that find it now. There is gold everywhere. And technology is getting up to speed to grab it. The oceans have billions of ounces of gold. And technology is obtaining it.Ignored