It will be my habit to post the occasional chart
in the afternoon and evenings while I am trying
to get some rest. I post from my laptop, which
I have by my bed, and it is difficult to type in
comments. So, I will merely post the occasional
chart, when a change worth posting occurs, which
I can easily do with just my mouse. Hence, there
will not be a TITLE on the post, or comments, unless
it is a critical situation, which would cause me to rise
and go to my desk computers anyhow.
I have to assume by now, that you regular followers
know what my trendlines and fibonacci retracement lines
contribute to you in terms of the comments I usually make
about such technical charting elements.
Gold trades regularly, up and down, in 75% retracements of
the previous, or higher level, 'stair steps', or cycles of rallies
and retracements. On the basis of that knowledge alone, you
should be able to make a living with a small trading account,
as long as you are NOT GREEDY and take your profits when
you have them, and are patient enough to wait for the next cycle
to occur to buy back in.
UNDER NO CIRCUMSTANCES SHOULD YOU SHORT GOLD!
You ONLY sell a position if you are offsetting a current LONG position.
