Gold and Silver in free fall

[dwecke2000]

Not good :goodnight

 

[johnno261]

Not good :goodnight

DWECKE2000, dont worry about Gold and Silver, worry about your MGX getting smashed tomorrow!!!!!!!!

 

[wayneL]

Why is it not good? It's great if you're short.

(NB I hold no positions in Gold ATM)

 

[noirua]

 

[Joules MM1]

inv head n shoulders

trade idea

https://www.tradingview.com/x/UXDdjpie/

 

[peter2]

POG bouncing off the 200d MA once again.

 

[againsthegrain]

POG bouncing off the 200d MA once again.

Coincidental with bitcoin retrace?

 

[wayneL]

Coincidental with bitcoin retrace?

Yep. Significant, but I have no idea of how or why. LOL

Accumulating a bit more here but I wouldn't be surprised for a much more severe SmackDown at some point in the next year or two.... Keeping some powder dry.

 

[Joules MM1]

inv head n shoulders

trade idea

https://www.tradingview.com/x/UXDdjpie/

https://www.tradingview.com/x/szabdhkl/

follow-up
+ the context
this structure suggests we are in a deep retrace, so how the structure prints over the next few days will tell us a lot about intent by hedgers
keeping in mind that cheap-cost expansion liquidity has to go somewhere

https://www.tradingview.com/x/e1RimKiW/

a hinge

 

[Joules MM1]

https://www.tradingview.com/x/szabdhkl/

follow-up
+ the context
this structure suggests we are in a deep retrace, so how the structure prints over the next few days will tell us a lot about intent by hedgers
keeping in mind that cheap-cost expansion liquidity has to go somewhere

https://www.tradingview.com/x/e1RimKiW/

a hinge

..and the level broke, we're short !

 

[barney]

..and the level broke, we're short !

Maybe one more fail at that 1848 level before boots 'n all @Joules MM1 ??

 

[frugal.rock]

This thread is click bait....
Bitcoin ramping.
Gold & silver down ramping.

For shame.

 

[Joules MM1]

Maybe one more fail at that 1848 level before boots 'n all @Joules MM1 ??

hard work hanging onto a sell when all the smaller signals are (s)creaming buy !!

 

[Joules MM1]

in auctions like this i always ask the question

so, which ones a lie and who's doing the lying, who's trying to manufacture direction hoping they'll get a some support in that direction
and when dont they have to bail their positions because theyre fighting against the trend that's about to arrive and rip them a new one

...which we use to call price discovery ......no, it's price skullduggery ....or bug.. um nevermind

https://www.tradingview.com/x/5ikzONv4/

 

[Joules MM1]

dirty compression, bids are winning, got squeezed out last night, looks like team fix-it have fixed

 

[The Cruising Investor]

Are there any gold royalty shares on ASX?

 

[barney]

dirty compression, bids are winning, got squeezed out last night, looks like team fix-it have fixed

Indexes look to be rolling over a bit at the moment. My crystal ball says the bottom might be in on Gold at $1841 for the moment ??

My crystal balls are also very old and tarnished and often can't be trusted

 

[barney]

Gold & silver down ramping.
For shame.

Not me FR I own too many Gold Stocks to want Gold to keep dropping ....

The $1848 level is current being chewed over .... Back under the $1841 with any gusto will not be appreciated

 

[Joules MM1]

Indexes look to be rolling over a bit at the moment. My crystal ball says the bottom might be in on Gold at $1841 for the moment ??

My crystal balls are also very old and tarnished and often can't be trusted

for mine 1843 cash $xauusd would be a tell if that snaps on an impulsive offer, this low is very messy and buyers have pulled off 3 120-200 runs since the peak so even tho the construction screams bid in a sell down it'd be less than effective to hang onto a belief in either direction, plenty of points in either direction currently not that difficult to get out of a trap but the bigger print says bulls are being lulled into the "investment" trap

pro tip: lead crystal .....having been kicked in them a few

 

[barney]

pro tip: lead crystal .....having been kicked in them a few

Cheers @Joules MM1

Always appreciate your commentary