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Why technical analysis does not work for gold and silver

Uh-oh. Just skimming through the gold and silver corner of the internet and I found this fiery piece

Why technical analysis does not work for gold and silver

  • I have a secret to tell you-"T.A." (as it is called by the "in crowd") is USELESS. "Cup and handles," "hanging Chinamen, "engulfing knickers," "tombstone dojis"-you can fire them all in the waste bin because that is precisely where they belong.
  • charts are CREATED by the bullion bank traders in order to trap the "chartists" (and their subscribers) into false senses of security.

What say the traders of ForexLive?

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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