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Stand By Goldies... Major Move Imminent...


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#11 NAV

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Posted 26 October 2016 - 07:50 PM

 

I am long in gold. If it's bullish, Dec Gold should not fill the1264 gap. If 1264 is filled, then new lows are a possibility.

Wow: holding your line so far!!

 

Would be an interesting ugly bottom here and take many by surpise. Worst would be a fake botton, sharp move up and then bottom falls out

 

 

Did not like the close and we almost filled that gap. I bailed out at the close. Will re-assess tomorrow.


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#12 SemiBizz

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Posted 26 October 2016 - 08:03 PM

 

 

I am long in gold. If it's bullish, Dec Gold should not fill the1264 gap. If 1264 is filled, then new lows are a possibility.

Wow: holding your line so far!!

 

Would be an interesting ugly bottom here and take many by surpise. Worst would be a fake botton, sharp move up and then bottom falls out

 

 

Did not like the close and we almost filled that gap. I bailed out at the close. Will re-assess tomorrow.

 

 

I don't blame you, there are some monsters in this thing here and they are playing a very pat hand... All I am very certain of is that this thing is going to make a major move, I can't say with any confidence right now on this poker face chart which way it's going to go, if you are wrong, you will be very wrong.  Best to wait for a confirmed sign of strength or weakness and play the recoil...

 

Good Luck.


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#13 senorBS

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Posted 28 October 2016 - 09:33 AM

so far bueno action "IF" we are tracing out that possible bearish wave 4 contracting triangle in GDX as wave "c" up could now be underway with a 24.45-24.75 possible target area, we see and keep in mind this is a "best guess"

 

BSing away

 

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#14 SemiBizz

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Posted 28 October 2016 - 01:04 PM

MOVE TO 1310 APPEARS TO BE UNDERWAY.....

 

SHOULD TAKE ONLY HOURS


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Volume is the only vote that matters... the ultimate sentiment poll.

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#15 SemiBizz

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Posted 28 October 2016 - 01:37 PM

No wonder the gold contract abruptly turned back up after initially tanking to 1266 on the GDP News....

 

LOOK AT THE VOLUME !!!

 

WOWOWOW

 

post-8-1477679647_thumb.jpg


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#16 uburack

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Posted 10 November 2016 - 04:31 PM

Looking for NUGT around low 10s to get back in.

ubu

 

edit: might need to recalc in a few days

 

 

Almossssst !


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#17 SemiBizz

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Posted 10 November 2016 - 05:23 PM

We could see a 30-40 point move to the upside any time now as long as this 1275 area holds...

Conversely now, if this is rejected... Gold can fall right back to 1252 area.
 

 

Or both... Today's low 1251 on the contract...


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics