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Gold Price - Where is it heading?

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Hey guys,
I know it has been a long time since I have uploaded a chart but meh, gold is still farked. I look at the quarterly gold chart each quarter as I have done for years and years. I have been ostricised, criticised and dumped on by all the "ex-sperts" who reside here because I have been telling you the same thing since 2012, a shipload of years. Don't bother to tell me I am wrong. There are too many of my gold charts on this forum to say I am right. I don't have the time or interest to debate with you. Don't bother to argue with me, I am not interested. This is not arrogance it is just too many years of being right by proof of my charts.
This previous rant sounds crappy and rude but I am really old and have been studying charts and chart reading for decades, get over it! I am sick of those who are fakes with loud mouths. Added to that I probably wont re-visit this post so it is pointless to comment unless you just love the sound of your own voice. It is just what I see on the chart, get over it and shut the truck up because I don't care, I don't give a damn about your opinion also I have no ego.

Hi Joe Blow, I did tell you I would only post here if I had something to say. Quarterly gold chart just keeps repeating itself, so, so boring. I loath repeating myself! However you probably have some new gold bugs here who have become true believers. I like to burst bubbles. Hugs Joe Blow, I still love you and your #1 site!

Currently there is a very, very long term resistance line at US$1300 on the quarterly US gold chart. It has failed this line for twenty quarters probably 21 this coming September. I called this after the fail in March 2012. Look it up. Gold is not a viable investment as it pays no interest nor does it have reasonable capital gains. It is merely a bauble. I have quite a few thousand dollars worth of baubles because it is pretty, not because it is a real investment. Anything which gives you a dividend and capital appreciation is a viable investment. Sorry Zorro (M.J.) I was never sucked into your believe system even as pretty as you were/are when we had lunch way back when! :)

This chart was originally drawn back in March 2012 as a bearish rising megaphone. Over the years I have just extended the resistance lines, but not changed the original interpretation or patterns.

gold quarterly august 18.png
 
Ann said:
Hey guys,
I know it has been a long time since I have uploaded a chart but meh, gold is still farked. I look at the quarterly gold chart each quarter as I have done for years and years. I have been ostricised, criticised and dumped on by all the "ex-sperts" who reside here because I have been telling you the same thing since 2012, a shipload of years. Don't bother to tell me I am wrong. There are too many of my gold charts on this forum to say I am right. I don't have the time or interest to debate with you. Don't bother to argue with me, I am not interested. This is not arrogance it is just too many years of being right by proof of my charts.
This previous rant sounds crappy and rude but I am really old and have been studying charts and chart reading for decades, get over it! I am sick of those who are fakes with loud mouths. Added to that I probably wont re-visit this post so it is pointless to comment unless you just love the sound of your own voice. It is just what I see on the chart, get over it and shut the truck up because I don't care, I don't give a damn about your opinion also I have no ego.

Hi Joe Blow, I did tell you I would only post here if I had something to say. Quarterly gold chart just keeps repeating itself, so, so boring. I loath repeating myself! However you probably have some new gold bugs here who have become true believers. I like to burst bubbles. Hugs Joe Blow, I still love you and your #1 site!

Currently there is a very, very long term resistance line at US$1300 on the quarterly US gold chart. It has failed this line for twenty quarters probably 21 this coming September. I called this after the fail in March 2012. Look it up. Gold is not a viable investment as it pays no interest nor does it have reasonable capital gains. It is merely a bauble. I have quite a few thousand dollars worth of baubles because it is pretty, not because it is a real investment. Anything which gives you a dividend and capital appreciation is a viable investment. Sorry Zorro (M.J.) I was never sucked into your believe system even as pretty as you were/are when we had lunch way back when! :)

This chart was originally drawn back in March 2012 as a bearish rising megaphone. Over the years I have just extended the resistance lines, but not changed the original interpretation or patterns.

View attachment 89021
Click to expand...
Hi Ann …. While I don't actually totally disagree with some of your assessment … I am surprised and bemused by the amount of aggression:eek:, and dare I say, potentially perceived arrogance:p in your post …

Gold is just another tradeable object in the semi infinite tradeable objects out there so I am semi confused by your desire to make a big deal out of the possibility you may be "right" about it's longer term position:confused:

That aside, I am of the opinion that ASF will likely benefit from punters who are prepared to back their own opinions irrespective of the general consensus ….

Difference of opinion/slash friction is actually a good thing on Forum sites, so, bring on your slightly warped sense of opinion on Gold … lol ;):p …

Hopefully my post is interpreted in the sense that is was intended:D Cheers.
 
Ann said:
Hi Joe Blow, I did tell you I would only post here if I had something to say. Quarterly gold chart just keeps repeating itself, so, so boring. I loath repeating myself! However you probably have some new gold bugs here who have become true believers. I like to burst bubbles. Hugs Joe Blow, I still love you and your #1 site!
Click to expand...

Welcome back Ann and hugs to you as well! :) Great to see you posting again and thank you for the kind words. I hope you have more to say in future as your insightful posts are very welcome here at ASF and I'm sure I'm not the only one looking forward to more. :xyxthumbs
 
Great to have you back Anne, missed your plodding image heading to the hills.

A line drawn under your chart from around 2004 to the present tells me that gold is a good back up to the portfolio. And my first trade was on exoil in 1968 and have learnt that diversification is everything and that a wide view of economics is required. Debt is the business today but when it can no longer hold things I'll be happy with a bit of substance.
 
CanOz said:
Watch gold over 1213, should be massive short covering
Click to expand...
Not far away now. Gold at US$1211.10 and has just broken through what appears to be minor resistance at US$1208. Will be interesting to see what happens in the coming days.

aT6awrqD.png
 
Goldman Trims Gold Forecast But Sees Prices Rising
Friday September 21, 2018 09:17

(Kitco News) - Goldman Sachs looks for gold prices to be at $1,250 a troy ounce in three months and $1,325 a year from now, the investment bank said in a research report late Thursday.

The updated three-, six- and 12-month forecasts average around $100 lower compared to the bank’s previous outlook as the gold market has been in a sharp downtrend since mid-April, although sideways in recent weeks.

Goldman described the recent investment environment as similar to the late 1990s, when a boom in technology stocks meant no fear in so-called risk markets in developed nations, while there was a financial crisis in emerging-market countries. Softening emerging-market economic growth and the strong U.S. dollar simultaneously hurt household savings in EM nations, a key metric for gold demand.
Click to expand...
 
Is tonight the night Spot Gold breaks the 4Hour chart Resistance? As those who sold their stock portfolios look for another investment?? now just bumping the upper trend line on 4hour chart.about to retrace to 23.6fib. Im in 4oz at 1197.75 and another 1oz at 1200.98
XAUUSD.rH1.png
Blue line id 4hour 200ma
purple line is 1hour 200ma
Red line is 15min 200ma
orange is 5min 200ma
Here is the 4 hr
XAUUSD.rH4.png
 
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