Gold Daytraders

[Joules MM1]

had to flop a second time as price failed to attract bids....currently silver most aggressive selling

 

[Joules MM1]

all offers, no hoohar
nearest simplest target sub 1275's

 

[Joules MM1]

no hoohar

wrong
and cupla punches in the mouth on the way .....any excuse to rip price
further down we get the more likely the momo

 

[Joules MM1]

friday
10:30pm USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
12:00am USD ISM Non-Manufacturing PMI

 

[Joules MM1]

$spx cash implied takes 50+ points hit #thanksdonald
gold went for a pop but silver only hit fridays top and rolled

the news is in and that's all

risk defined

 

[Joules MM1]

#truncation based on a repeat measure (symmetry) a 100% repeat of the first move

 

[Joules MM1]

#truncation

this resistance needs to hold, there are several ratios other than i've cited in this thread that say a construct has printed that stops price from ascending, price has required 'events' to get the current zone without that news endogenous trend is absent...this keeps my 1219-1222's on tap

 

[Joules MM1]

they take patience

 

[Joules MM1]

Where to now J?

Gold looks to be holding in at the lows - is it possible we head higher from here medium term?

All the major aussie gold stocks have been sold off quite hard over the past few weeks & months and are now starting to form 'classic head and should patterns'. All the more reason for me to keep an eye on the long side I think as I watch for a 'false break' of the pattern and the longer term uptrend to continue

1222 > 1219's still in the sites

 

[Joules MM1]

1222 > 1219's still in the sites

nothing so far suggests a consolidation to rotation north, more like congestion before the next move in the same one-larger direction

requires an impulsive move to gain momo

 

[Joules MM1]

silver hit the yellow line in the above chart and up we go

innocuous as the lift appears since this mornings rotation in both metals, it needs room to build a bid
so far the bids look good....

 

[Joules MM1]

silver hit the yellow line in the above chart and up we go

innocuous as the lift appears since this mornings rotation in both metals, it needs room to build a bid
so far the bids look good....

no bid, all churn, rubbish stuff, more downside to come

 

[Joules MM1]

silvers innocuous rotation at the low in the above chart had the best construct so i'm using that as the lead cue, slow squeez underway, lift occured pre-news, not a blow off news lift further to go
selling below 1278 xauusd cfd otherwise holding the long

 

[Joules MM1]

yech

#manufactured lift

both metals failed to lift in the Asian sesh, not a first-good-look for an upswing
even tho both have these 'hindge' sideways shift that require a news ping to rock them off i doubt core duable goods tonight will rock the socks off but enough to cull early sellers and hook in chomping bids

 

[BlindSquirrel]

lift off!

 

[Joules MM1]

BOR (bid offer range)
silver made hey but failed to make an hourly higher high .......if you look at the bigger play on a 120min basis a HnS is in play if the 1279xauusd cfd fails to hold

 

[Joules MM1]

silver ripping south ......oh the arbs !!

 

[Joules MM1]

silver leads lower with xauusd being dragged behind bids fail to overtake offers ..no follow-thru on last weeks news rip, again, bids having to gain news rips to get ascension

 

[barney]

silver leads lower with xauusd being dragged behind bids fail to overtake offers ..no follow-thru on last weeks news rip, again, bids having to gain news rips to get ascension

Haven't been paying attention for a few weeks ……

We'd nearly be looking for a bottom bounce if it gets back to the $14ish mark do you think Joules

I just put a trawling buy in at $14.05 just in case the world ends tonight while I'm asleep

 

[peter2]

silver ripping south ......oh the arbs !!

@Joules MM1 Thank you heaps. The cheque is in the mail.
Your headline provided a four hour advance warning that gold may fall. Very nice work.