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Near term patterns bullish?


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#1 senorBS

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Posted 13 September 2018 - 09:42 AM

GLD nice 5 up to todays high and not to a new high, should be wave i of 3 or C IMO. Lots of miners had 5 up complete from the lows at the early gap up highs IMO, already well into corrective pullbacks. All in all the best looking set up off a low we've had in a while. all IMO and as always DYODD

 

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#2 SemiBizz

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Posted 13 September 2018 - 09:56 AM

IMO... all you need to know about gold here is XAU...

 

64-66 is the NEUTRAL ZONE... rejected at 65.15 today.

 

Close again under 64 now opens up that 54-56 move I was talking about...

 

There seems to be an ample supply of falling knives...

 

Use protection.


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#3 SemiBizz

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Posted 13 September 2018 - 10:26 AM

Whatever I am doing, is working...

 

Remember who not only predicted gold was going lower, but gave the exact target of 1167?

 

yes.gif


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#4 SemiBizz

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Posted 13 September 2018 - 10:33 AM

And on gold...I got it too...

 

 

Posted 08/08/2018

 

Actually I believe the most important low on this monthly chart is November 2016 at 1167.90.

 


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#5 stubaby

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Posted 13 September 2018 - 10:41 AM

GLD nice 5 up to todays high and not to a new high, should be wave i of 3 or C IMO. Lots of miners had 5 up complete from the lows at the early gap up highs IMO, already well into corrective pullbacks. All in all the best looking set up off a low we've had in a while. all IMO and as always DYODD

 

Senor

Thanks Senor


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#6 SemiBizz

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Posted 13 September 2018 - 11:52 AM

VOLUME OFF THE TOP IN HOURLY GOLD CONTRACT... it wants to retest 1202

 

5b9a954fb9b5b_gold091318hvolumeofftop.JP


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#7 dharma

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Posted 13 September 2018 - 12:08 PM

its still a great forum. lets just share ideas

good to have you back senor. 

thanks for your post

hadik received this yesterday

Gold Spikes to Support (1191.5 - 1195.1/GCZ) and Triggers Buy Signal;

Daily 21 MARC Reinforcing GCZ Trade Signal;

See Latest Weekly Re-Lays for Details and Trading Strategy.

 

XAU Plummets to ~2-Year Downside Targets…

…During Multi-Month/Multi-Year Cycle Low!

For almost two years, the Gold/Silver Index has been in a negative monthly trend and projecting a drop below its Dec. 2016 low and ultimately to a myriad of downside price targets at 54 - 59.00/XAU

That analysis was repeatedly published since late-2016 - with July - Nov. 2018 representing the most likely time for a 1 - 2 year bottom.  Those forecasts are now being fulfilled as Gold futures recently triggered an intermediate buy signal.  

dharma


Edited by dharma, 13 September 2018 - 12:10 PM.


#8 OEXCHAOS

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Posted 13 September 2018 - 01:52 PM

You guys need to cut each other some slack. And the name calling has to stop. That's a violation of the TOS. I require that you be civil to each other. It's not asking a lot.

 

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#9 Russ

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Posted 13 September 2018 - 10:03 PM

Whatever I am doing, is working...

 

Remember who not only predicted gold was going lower, but gave the exact target of 1167?

 

yes.gif

Since we are chest pounding... while your 1167 prediction was very good, you were also predicting it would go lower while my oscillator was saying gold was bottoming as can be seen here, this signal was confirmed in april although I did not notice it until July something. I also don't see how the gold stocks are going to go much lower with the internals A/D and New highs/New lows flattening out now and the huge down candle on dust looks impulsive to me, so far your breach of 1202 has not led to a collapse testing or breaching the aug low....     


Edited by Russ, 13 September 2018 - 10:07 PM.

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#10 Russ

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Posted 13 September 2018 - 10:05 PM


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/