Hi I thought I'd try starting a thread dedicated to chart...

Hi
I thought I'd try starting a thread dedicated to chart analysis / daily price action and leave PRU company specific fundamentals for an other discussion title. That way anyone not interested in technical analysis doesn't  have to waste their time listening to talk of candles, dojis, pennants and cups and handles.
I've become a lot more interested in T/A recently as it's been helping me get much better results for my current needs.

When I first entered the markets I had the buy and hold Buffett style approach, which was ok while I was working a day job. I then quit my day job 2 years ago and knew without a Buffett sized bank account to live on while I hold and wait for larger % gains, I would need more cash flow. I've really had to work hard at changing my mindset and strategy from investor to trader to keep cash flowing while trying to increase my capital over time. I'm now of the belief that fundamental and T/A are of equal importance.
Fundamental analysis is what brought me to the gold sector in 2015 and to PRU recently. T/A is what helps me on a weekly basis milk as much cash as possible out of what I think is a rising sector and company over the long term.

@Samboy69 has made her opinions of @colinchi pip trading clear but like a poster who's name I've forgotten, then said "a lot of money can be made trading pips in a volatile market like gold." I'm happy trading pips if the profit to risk ratio is right and it helps keep cash flowing. As they say different horses for different courses. I feel like I'm zeroing in on what works for me at the moment.

Cheers to @CEOChair for the link to DailyFX I will be following them now also. I probably should of mentioned when I posted Oscar's link that I don't subscribe to the guy. I actually watch a basket of 5 or 6 chart guys on youtube who are mostly trying to sell something, but still. I find it interesting to see if all their different analysis techniques come to the same conclusion or not. If they do, as a few did on Friday then that may carry some weight. Oscar's over the top used car salesman personality makes me laugh and I thought it suited a Friday afternoon.

As I mentioned in my last post on Friday, the Non Farm Payroll data may cause some volatility in the POG and it did. POG finished higher after a sharp dip, the general consensus for more downward pressure on gold may still come once things settle again.
Friday nights close kept the bull pennant on my Gold weekly chart in play for now.
Sorry for long post, I'll keep it brief in the future.
Cheers.