Member
Posted 30 November 2015 - 02:29 PM
I think below $1,000 is a given.
My Daily Trend model is far from turning up. Once $1,013 is broken then we should see $900 pretty fast.
[attachment=23928:Gold.png]
It's not the bottom but what will happen once it does bottom. I think sideways for a very long time.
Volume Dynamics Specialist
Posted 30 November 2015 - 03:42 PM
Could be an interesting week.
Next Strong Support not til 1044.50
and I have $1006, but I remember 1013...
When it traded there.
Member
Posted 30 November 2015 - 04:22 PM
It just looks awful. My weekly turned down at the beginning of the month.
Yes, $1,044 is very good support as well.
Member
Posted 30 November 2015 - 04:28 PM
And the "Goldbugs" buying and hoping are haveing an out of money experiance.
It will bottom eventually and below $1,000, but it will have a very hardtime getting back above $1,300.
When was the last deflationary cycle in America, around 1875? This cycle is massive.
Member
Posted 30 November 2015 - 05:57 PM
there i disagree with you. soon a rally to 107 in gld imo . fwiw
Member
Posted 30 November 2015 - 11:33 PM
I'm not sure we can't rally as you said, and still meet those lower targets in fairly short order.
I have a counter trend bounce in my EW count. No bottom til spring for A of IV.
Then no FINAL bottom til mid 2020s for C of IV.
1300-1350 zone is likely where B of IV tops several years from now.
Member
Posted 01 December 2015 - 07:13 AM
Is Gold Ready to Break Out?
Probably...
A close above 1075 (Gold Futures) will confirm it...
Say Hello to NUGT/DUST
Call me a contrarian...
My comments are for entertainment/educational purpose only. All posted trades are fake (aka. paper) trades.
Member
Posted 01 December 2015 - 08:54 AM
I'm not sure we can't rally as you said, and still meet those lower targets in fairly short order.
I have a counter trend bounce in my EW count. No bottom til spring for A of IV.
Then no FINAL bottom til mid 2020s for C of IV.
1300-1350 zone is likely where B of IV tops several years from now.
interesting wavecount,I like it.allows time for the bulls to disappear and swear off gold for good
Member
Posted 01 December 2015 - 10:50 AM
Say Hello to NUGT
Call me a contrarian...
NUGT trade yielded 4% this Morning...(Twitter followers already know this)
My comments are for entertainment/educational purpose only. All posted trades are fake (aka. paper) trades.
Member
Posted 01 December 2015 - 12:01 PM
We don't hear much about the Gold "Retirement trade" these days.
Edited by NAV, 01 December 2015 - 12:03 PM.
