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Au XAU P & F Relative Strength chart

Discussion in 'PM Trading/Stocks/Technical Analysis' started by Au-myn, Apr 9, 2016.



  1. Au-myn

    Au-myn Founder Founding Member

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    Hello GIM friends, Below is a Au-XAU P & F Relative Strength chart- 3.5 x 3 scaling factor 10. PM stocks are moving higher as the chart declines. Note the two sell signals
    (black arrows) at 189 and 171.50 both of which occurred under its bullish support line,
    turning the chart bearish. Currently, we see the chart riding its bearish support line (broken lines). I also drew in a longer term bearish support line.

    Au XAU sf10 2.jpg
     
    Last edited: Apr 9, 2016
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  2. dpong

    dpong Gold Member Gold Chaser

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    I like it Au-myn! The miners are leading the way to what appears to be a new developing gold bull market after 5 years of slaughter in the miners.

    sc-109.png

    sc-110.png
     
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  3. Au-myn

    Au-myn Founder Founding Member

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    YUP, dpong. I have built up my PM holdings over this last year and they are all up well!
    Just the beginning...
     
  4. dpong

    dpong Gold Member Gold Chaser

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    Me too, from February, but not yet in as deep as I need to be. Pullbacks welcomed. BTFD.
     
  5. Au-myn

    Au-myn Founder Founding Member

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    Au XAU 3.png Hello friends,

    This updated Au : XAU Relative Strength P & F chart shows the "waterfall effect" as I call it on the last three sell signals as the PM stocks begin the first leg up.
    Some PM stocks have already made outstanding gains and we have a long way to go. That's nice.:thumbs up 2: Au XAU 3.png
     
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