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
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 imoThe 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.
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Had to get rid of a lot this week to get cash, so as @UMike , a clear sign bull run is starting ?Well I'm about to get rid of a lot of stock........ so be ready for a bull run.
Noted, screenshot made?
Funny you should say that.Had to get rid of a lot this week to get cash, so as @UMike , a clear sign bull run is starting ?
Good eveningThe 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.
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GLD monthly close high potentially going to be monthly ATH if she holds.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?
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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
Agree with your observations here.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.
Only good if your buying, no good if your selling or holding a position.AUD could be headed to around 71c from here if break up continues which would be very good for AUDPOG.
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