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Precious Metals Update

xau yahoo advance/decline line ad line gold silver stocks

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#1 fib_1618

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Posted 30 October 2016 - 05:14 PM

Pretty much self explanatory this month as the downside price target in gold from last month was met the following week.

 

Note the lack of upside leadership in the A/D line compared to the new recovery highs in the price of gold.

 

Another flush to below the October price lows, with divergence in the A/D line, should be enough to create the next buy point.

 

Fib

 

xauyahoo102816.png


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#2 senorBS

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Posted 31 October 2016 - 11:18 AM

Pretty much self explanatory this month as the downside price target in gold from last month was met the following week.

 

Note the lack of upside leadership in the A/D line compared to the new recovery highs in the price of gold.

 

Another flush to below the October price lows, with divergence in the A/D line, should be enough to create the next buy point.

 

Fib

 

xauyahoo102816.png

and that "one more flush" would fit very nicely with a completing downside Ewave pattern and likely technical divergences, lets see how it plays out and I still like the 1210 area for a possible low, patience remains the name of the game

 

BSing away

 

Senor



#3 Paul

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Posted 15 November 2016 - 12:02 AM

Dave, according to the linked chart below we now have possible divergence. New low in GDX and Gold but no new low in GDX advance/decline line. This may not be the same advance/decline line that you use but it called the January low with confirmed divergence then.

 

http://www.etfinvest...e_decline_avg_d



#4 claire

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Posted 15 November 2016 - 09:30 AM

Fib - Is that low in place now with the called for divergence?  Thanks.







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