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For short term trade Buy above 1337, resistance at 1344 is now a support, I will add above 1344, bail all below 1344.QED wrote:Question for fehro and BullBear52x …
Hypothetically, assuming that you have a small position in /GC (gold futures), would you add to your position now, hold as is or trim some here? Thanks!
Nice call!BullBear52x wrote:For short term trade Buy above 1337, resistance at 1344 is now a support, I will add above 1344, bail all below 1344.QED wrote:Question for fehro and BullBear52x …
Hypothetically, assuming that you have a small position in /GC (gold futures), would you add to your position now, hold as is or trim some here? Thanks!
more longer term fwiw. Tricky here. Looking at the DXY weekly.. P&F .. and you can see a bull flag (see DXY charts above) with a measured move of +20% up in the USdollar.. sounds insane. "IF" that was to break out and go.QED wrote:Question for fehro and BullBear52x …
Hypothetically, assuming that you have a small position in /GC (gold futures), would you add to your position now, hold as is or trim some here? Thanks!
another view USDollar - DXY monthly at 20m SMA red. fwiw. with /bull flag target. arguments can be made for both sides. fwiw. imho.fehro wrote: more longer term fwiw. Tricky here. Looking at the DXY weekly.. P&F .. and you can see a bull flag (see DXY charts above) with a measured move of +20% up in the USdollar.. sounds insane. "IF" that was to break out and go.
I'd expect some downward pressure on gold. /GC upper channel is $1400 range. It's over my messy charts.. resistance in this area.. a blow off? or monthly channel break.. and consolidation over the summer? not sure.
fwiw.
WOW! Insane, but very possible in this market. Thanks!ferro wrote:... and you can see a bull flag (see DXY charts above) with a measured move of +20% up in the USdollar ... sounds insane. "IF" that was to break out and go.
YW, keep in mind that "could" take 6-8 months!.. monthly chart.QED wrote:WOW! Insane, but very possible in this market. Thanks!ferro wrote:... and you can see a bull flag (see DXY charts above) with a measured move of +20% up in the USdollar ... sounds insane. "IF" that was to break out and go.