On the lower chart, the Gold ETF has broken above top trend line of the symmetrical triangle. This may constitute a buy signal.On the Ratio Chart Gold/XAO, the chart still hasn't broken upwards. The low volatility mentioned yesterday remains the norm.
So - what to do? I'm going to err on the side of caution.
Until the Ratio Chart confirms the Stock Chart, I'll stay out of the market.
Cheers
Red
No comments:
Post a Comment