DoctorSolar

http://www.u.arizona.edu/~rubinson/copyrig...ed_Harmful.html

Looks like $740 has been broken - gulp! To quote the clash: Should i stay or should i go?

From my naive point of view those two charts look nigh identical on the left hand side yet wildly different on the right. A chartist would surely have thought the outcome would be the same for both? Apologies if I sound skeptical i am genuinely interested in hearing from folks about how TA can resolve such things.

Thanks for those charts. From a TA point of view had you looked at the chart for POG in pounds sterling would a chartist have forecast that bounce up? Or would you have maintained your bearish outlook?

As I mentioned in another thread - if you looked at a chart of the price of gold denominated in pounds sterling would your analysis be the same? Is POG bearish in terms of pound sterling? The POG was bearish many times this year but if you lived in Iceland it would most likely be bullish all the way? Apologies for cross posting this but i am very keen to get input on how your own currency perspective changes your analysis.

Being in the UK I am much more interested in following the price of gold in terms of pounds sterling. If you looked at the charts for the price of gold (POG) denominated in that currency would your analysis be the same? The POG has fallen in dollars over the past few days but in terms of sterling its hardly moved at all.