Re: Gold
It is often 100% correct to WAIT and buy at X as opposed to X-1.
The reasons are related to the focused emotion of most players at pivotal price points.
Emotion of players are not distributed evenly across all prices. Thus pivotal points are created, setting up low-risk opportunities.
The chart of NEM illustrates how the $50 area was hit twice in 01/04 and 10/04. $50 is now a pivotal point where emotion is focused. Historical buyers in these areas are grateful to "get out even", now, selling at $49 and higher.
Most of these historical buyers are likely gone, now.
The strong evidence is any close over $50.
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