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double bottom or not, wait and see. this is 2nd double bottom attempt, so bulls may have chances.
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morning hourly filled black bar, implication is on the top left of the chart itself.
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victorm wrote:Opportunity to enter long gold is now.
/GC loosing 20w SMA <20d/50d next level is 1300ish 200d/50w SMAs.. that goes extremely critical level is 1275/50 that goes..look to fast drop 1185.. 1185 goes.. 1100 next then 950
mind the USdollar break out ..moves over 54 week downtrend.. has room to run
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victorm wrote:Opportunity to enter long gold is now.
Bit of a falling knife just now. GLD, GDX both down 1% or so, GDXJ down nearly 2%, and SLV down >2.5%... and all of these ETFs are still near their LOD.
victorm wrote:Opportunity to enter long gold is now.
/GC loosing 20w SMA <20d/50d next level is 1300ish 200d/50w SMAs.. that goes extremely critical level is 1275/50 that goes..look to fast drop 1185.. 1185 goes.. 1100 next then 950
mind the USdollar break out ..moves over 54 week downtrend.. has room to run
This will be Minor B down in coming 2 weeks of Int. (5) in an expanded triangle. Near $1310-$1306 plan to cover shorts and be long. Next move up should take GOLD from under $1310 to $1398-$1405 area by June sometimes.
Trades with cats wrote:Coolbizone tweeting on gold yesterday-
This will be Minor B down in coming 2 weeks of Int. (5) in an expanded triangle. Near $1310-$1306 plan to cover shorts and be long. Next move up should take GOLD from under $1310 to $1398-$1405 area by June sometimes.
2:52 PM - 22 Apr 2018
Fehro seeee ..., that's going to be correct, load it up...
victorm wrote:Opportunity to enter long gold is now.
/GC loosing 20w SMA <20d/50d next level is 1300ish 200d/50w SMAs.. that goes extremely critical level is 1275/50 that goes..look to fast drop 1185.. 1185 goes.. 1100 next then 950
mind the USdollar break out ..moves over 54 week downtrend.. has room to run
you trying to break my heart ...
sorry weekly monthly charts show huge downside potential.. "IF" it starts to loose key levels.. (1185/1150 VERY KEY) I see $700 to $485 level.. nuts and insane targets.. I know .. only "IF" EURO implodes… USdollar will explode up like nobodies business. .. . all fwiw.. monthly candles on /GC are iffy at these levels
sloppy M/W/D charts fwiw
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Last edited by fehro on Mon Apr 23, 2018 10:43 am, edited 1 time in total.