... seen crude oil contracts start trading in Shanghai without $US but yuan, this latest dollar spike is a dead cat b.
I think gold down daily cicle moves should be done this week and this week is last chance to enter longs...
That was a dud. Nice impulse up headed for the overnight high and it just fizzled out. I guess nothing is going to happen until we get some earnings and that inflation number.
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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
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
Warren buffet now sitting on 120 Billion (usual keeps 20). He is typically early, what else needs to be said, think all markets might have big downside potential.
re gold, IF gold in an ABC, might have some more up? but limited and time is tickin, long term gld looks sick...
A French Rothschild was asked in the 1890's (according to Jesse Livermore) how he had made so much money in the French stock market. His answer "I always sell too soon". Perhaps Uncle Warren knows the same quote.
AAPL
panic selling
down about 8% in four days
now at potential support, and testing 200sma
today’s smaller candle and less selling volume is the first step to a possible bounce (check the volume at close)
daily chart