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Precious Metals Update

A/D line xauyahoo gold pm stocks precious metals

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#1 fib_1618

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Posted 27 November 2016 - 06:30 PM

Well...we got the flush in gold and we have the A/D line holding divergence.

 

Now let's see if the PM stocks can breakout to the upside to give us a buy point.

 

Fib

 

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#2 senorBS

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Posted 27 November 2016 - 07:07 PM

great stuff and thx Fib! Just another and very important technical divergence that could support one helluva key secondary low here. Gold up a bit tonight in early trading at 1187, if it can get back above 1200-1210 resistance I really starting liking the final bottom case.

 

Senor



#3 Russ

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Posted 27 November 2016 - 07:50 PM

Looks like an inverse head and shoulders on the hourly gold chart... up 13.60 to 1192 now. bull.gif


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#4 jacksterr

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Posted 27 November 2016 - 08:10 PM

Muchas Gracias Senor Dave!



#5 dougie

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Posted 27 November 2016 - 08:41 PM

give me 1230 and i will agree



#6 Smithy

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Posted 27 November 2016 - 08:59 PM

Also a reverse point wave (RPW), as good as an iH&S



#7 dharma

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Posted 27 November 2016 - 11:59 PM

Also a reverse point wave (RPW), as good as an iH&S

smithy not sure i follow rpw=reverse point wave. which i believe is a wilder techniques from the 80s(which is essentially an
expanding triangle). a technique sold by wilder. and i bought it he gave a method for buying the rpw, which is what i believe
he called it. i dont see that in gold, silver, gdx , or gdxj. what do you mean? thanks
dharma
tomorrow is the bradley!

Edited by dharma, 28 November 2016 - 12:02 AM.


#8 Russ

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Posted 28 November 2016 - 01:16 AM

give me 1230 and i will agree

Make up your mind Dougie.. wink.png

 


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#9 MDurkin

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Posted 28 November 2016 - 03:26 AM

Thanks Dave.



#10 Smithy

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Posted 28 November 2016 - 08:38 AM

 

smithy not sure i follow rpw=reverse point wave.

dharma, it's flawed but I think the principle is there.

 

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Edited by Smithy, 28 November 2016 - 08:42 AM.






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