Gold Price - Where is it heading?

[Telamelo]

The break up from the handle on the GLD monthly close looks very positive.

But, as GG says, this could be old crock. Watched a pro trader TA dude on youtube this am saying $1500 still needed to be hit before a run up. Not sure what that was based on though. But, he's on youtube so must be right.

View attachment 155694

Iff Gold in the 'unlikely remote' possibility did ever fall back to $1,500 - then it would present the buying opportunity of a lifetime (once again). Reckon that YouTube dude is dreaming as wishful thinking imo

 

[UMike]

Well I'm about to get rid of a lot of stock........ so be ready for a bull run.

 

[qldfrog]

Well I'm about to get rid of a lot of stock........ so be ready for a bull run.

Had to get rid of a lot this week to get cash, so as @UMike , a clear sign bull run is starting ?

 

[Sean K]

Thanks @UMike and @qldfrog ! I'll give you a 5% cut of any bull run from here...

 

[qldfrog]

Thanks @UMike and @qldfrog ! I'll give you a 5% cut of any bull run from here...

Noted, screenshot made?

 

[eskys]

Gold bugs on a high,

 

[UMike]

Faaaaark. Just thinking of selling CSL created a 4$ drop,

Lucky I got a fair bit of KCN in the super.

 

[Garpal Gumnut]

Had to get rid of a lot this week to get cash, so as @UMike , a clear sign bull run is starting ?

Funny you should say that.

Moi aussi.

Cash in $AUD will be the sweetest asset to hold imo over the coming months.

"Come in Spinner. "

We know not where we go, none of us.

And if I were young again in the interim I'd say "Come on Eileen. "

It's going to be exciting, this next bear or bull.

Gold as well.



gg

 

[eskys]

You're not that old, gg. You can do a Boogie Woogie

 

[Sean K]

The AUD price has consolidated well above the $2800 breakout into ATHs and holding well.

Unhedged Aussie gold producers will be making a motza if this keeps up for a quarter or more.

Must be some more significant consolidation soon.

 

[rcw1]

The AUD price has consolidated well above the $2800 breakout into ATHs and holding well.

Unhedged Aussie gold producers will be making a motza if this keeps up for a quarter or more.

Must be some more significant consolidation soon.

View attachment 155702

Good evening
rcw1 would suggest that significant consolidation is happening right now. The current pathway/quadrant that PoG is presently sitting, strengthens opportunity to explore higher ground all going well.

Kind regards
rcw1

 

[rcw1]

How exciting ... US $2,058.80

Very tired gotta sleep. Good night everyone.

Kind regards
rcw1

 

[DaveTrade]

I started out learning Gann , for interest I'm putting up a GLD chart with some Gann levels. The 1x2, 1x4 and 1x6 lines all had significance to this market, what will happen at the 1x8 line?

 

[ducati916]

Increasingly the big money (outside of the central banks that have known for ages) realises that the Fed has lost control: ie. the US is being driven by fiscal dominance:



The Treasury requires lower rates. Inflation (YCC) will be the order of the day (again). This in conjunction with falling rates requires a weaker USD.

The only way to preserve purchasing power is gold (silver) and if you are adventurous, BTC. That little experiment may end in tears however.

We are starting to see institutional money move into gold. As in 1968 and the collapse of the Gold Pool, JPM is losing control of the market. Once that leverage (100:1+) starts to unwind, price will accelerate rapidly, ie. a short squeeze.

jog on
duc

 

[Sean K]

I started out learning Gann , for interest I'm putting up a GLD chart with some Gann levels. The 1x2, 1x4 and 1x6 lines all had significance to this market, what will happen at the 1x8 line?

View attachment 155715

GLD monthly close high potentially going to be monthly ATH if she holds.

Weekly very close.

Will the spoofers at JPM let it go?

 

[Dona Ferentes]

Locally, will be flat but above A$3000?

• AUD +1.4% to 67.87 US cents
• Spot gold +1.4% to $US2043.91/oz at 2.06pm in New York

 

[Sean K]

Locally, will be flat but above A$3000?

• AUD +1.4% to 67.87 US cents
• Spot gold +1.4% to $US2043.91/oz at 2.06pm in New York

Still holding. Slight indecision in the candles over the past week. AUD is still well down and has room to move up. USD gone poorly against the main currencies since Sep last year which coincides with the POG run up. AUD could be headed to around 71c from here if break up continues which would be very good for AUDPOG.

 

[DaveTrade]

Still holding. Slight indecision in the candles over the past week. AUD is still well down and has room to move up. USD gone poorly against the main currencies since Sep last year which coincides with the POG run up.

Agree with your observations here.

AUD could be headed to around 71c from here if break up continues which would be very good for AUDPOG.

Only good if your buying, no good if your selling or holding a position.

 

[rcw1]

The record of $US2,075.47 an ounce set in August 2020 is on notice!!

Kind regards
rcw1

 

[Garpal Gumnut]

Are there any older members who used to be chalkies can tell everyone when this reversal is going to end.

I only got up because the dogs were barking.





gg