100%Depends on the time frame of the chart. 1d, 1wk and 1mth have different levels of S&R, MACD and RSI, etc.
GLD has printed a bullish bar in last night's session, some bulls have made a charge at the fence. In tonight's session we need a big enough part of the heard to follow them so they can break through the fence and charge north, I'm ready to join the stampede with the rest of the heard and go for a wild ride to the north country.
View attachment 169847
100%
Perhaps overs on $2050!!! Wouldn't that be rather nice...
Kind regards
rcw1
Hmmmmmmmmmmmm
G o l d - on some resistance...either back off from here or break through ...
View attachment 169843
rcw1 feels confident, don't know where rcw1 evidence base comes from though other than gut feel which really doesn't justify an opinion ... anyways ...
Do say though always held the belief if the PoG managed to stay above that magic US 2k then that would improve the likelihood of gold prices shifting more often than not into a much higher threshold and then on and on and on from then ..
Funny thing is, the more that rcw1 said this the more rcw1 believes it ha ha ha ha; consequently much prefer no mans land country greater than US 2K
Have a very nice evening some Doors to think about:
Kind regards
rcw1
Great posts @rcw1. @DaveTrade and @Sean K
I was just thinking about Gold and I’ll use one of @Sean K ’s charts to illustrate my thinking.
View attachment 169459
A burst up to $USD3000 is on the cards as a medium to high possibility given the long length Gold has stayed at about $USD2000.
A fall to $USD1800 is possible but unlikely. A fall to $USD1600 is unlikely and highly improbable. I would be very interested at both those levels should they ever be seen again.
gg
Yes, I don't agree with pessimism on a one bar post, following an expected announcement. My outlook on Gold has not changed since my recent underlying outlook about which much else investing pivots for me. Each to their own.
gg
Looking at the last chart, what I see..step back..is a 185 floor and a slide broken so just using gutfeels, and outside any external event (like coming nuke use by the brits in Ukraine, China invasion of Taiwan, etc), it is going up nowLooking at a weekly chart can sometimes be a good distance to step back for a fresh look. It's far enough back to see the big picture and still be able to see what's happening right now.
View attachment 170155
Zooming in;
View attachment 170156
Looking at the last chart, what I see..step back..is a 185 floor and a slide broken so just using gutfeels, and outside any external event (like coming nuke use by the brits in Ukraine, China invasion of Taiwan, etc), it is going up now
Of course, not buying more but not selling at this stage is my positionThat's what most people are hoping and a lot of people online have been saying. I can't see any reason why I shouldn't agree with them but I've learnt to keep my expectations in check and trust in what I see a market doing, my best expectations have been proven wrong more than once.
Of course, how a person decides to trade depends on their time frame and how they are hedged.
the Brits have allegedly deployed deleted uranium core ( tank ) ammunition in UkraineLooking at the last chart, what I see..step back..is a 185 floor and a slide broken so just using gutfeels, and outside any external event (like coming nuke use by the brits in Ukraine, China invasion of Taiwan, etc), it is going up now
I think that should read depleted rather than deleted.the Brits have allegedly deployed deleted uranium core ( tank ) ammunition in Ukraine
if those shells get used ..... don't expect Russia to be forgiving ( to Ukraine or the UK )
China doesn't need to invade Taiwan , it has the majority of Taiwan's trade , it can tariff and restrict imports/exports
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?