• 539 days Will The ECB Continue To Hike Rates?
  • 539 days Forbes: Aramco Remains Largest Company In The Middle East
  • 541 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 940 days Could Crypto Overtake Traditional Investment?
  • 945 days Americans Still Quitting Jobs At Record Pace
  • 947 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 950 days Is The Dollar Too Strong?
  • 951 days Big Tech Disappoints Investors on Earnings Calls
  • 951 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 953 days China Is Quietly Trying To Distance Itself From Russia
  • 953 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 957 days Crypto Investors Won Big In 2021
  • 958 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 958 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 961 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 961 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 964 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 965 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 965 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 967 days Are NFTs About To Take Over Gaming?
readtheticker

readtheticker

readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

Contact Author

  1. Home
  2. Markets
  3. Other

Gold Gann Angle Update

Gold Gann Angle Update

Gold Gann angles paint a nice picture. A pullback that so far has reacted to supporting 1x1 Blue Gann Angles.

In short, we have a strong price reaction to GLD $100. Short covering or new investment, only future price action will confirm this. We shall have to watch the pullback nature of gold during the next few weeks. If GLD can get over $135 then this should secure the beginning of the awakening of a new bull run to much higher prices. The 4 year gold pullback has been nothing more than an attraction to the supporting 1x1 Gann Angles. Knock on wood! Watching and waiting.

SPDR Gold Trust Shares Weekly Chart

Investing Quotes

"Keep the number of stocks you own to a controllable number. It is hard to herd cats, and it is hard to track many securities. Take your losses quickly and do not brood about them. Try to learn from them but mistakes are as inevitable as death." ~ Jesse Livermore

"The minute you get away from the fundamentals - whether it's proper technique, work ethic, or mental preparation - the bottom can fall out of your game." ~ Basketball Legend Michael Jordan.

"The main purpose of the stock market is to make fools of as many men as possible." ~ Bernard Baruch

"Because of the extreme challenge, one must commit full attention to it." Market speculation is "no different than trying to be a successful doctor or lawyer ... you simply must devote yourself full-time to the study of your craft." ~ Bernard Baruch

"The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell." ~ John Templeton

 

Back to homepage

Leave a comment

Leave a comment