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GOLD - BEARISH OUTSIDE REVERSAL

Fridays Gold Contract

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#1 SemiBizz

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Posted 05 January 2019 - 02:56 PM

We're targeting 1216 for the first part of this move.  If anything changes, we'll let you know.

 

DwLCUlAUcAEtEs-.jpg


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#2 tradesurfer

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Posted 06 January 2019 - 03:56 PM

The US dollar seems to be having a hard time breaking north

I thought gold and silver we're ready for a huge breaking move up

Edited by tradesurfer, 06 January 2019 - 03:56 PM.


#3 AChartist

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Posted 07 January 2019 - 06:56 AM

I have a couple low cycles in 2-4 weeks could be a pullback now. These should be more like pullbacks.

One is 10 week cycle another is very highly correlated is a fundamental cycle.


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#4 Russ

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Posted 10 January 2019 - 04:12 PM

I have a couple low cycles in 2-4 weeks could be a pullback now. These should be more like pullbacks.

One is 10 week cycle another is very highly correlated is a fundamental cycle.

I am showing a low in about a week for gdx, but I think we are in the beginning of the next bull market going out for several years. Gdx broke above the long trend-line (green) coming off the 2016 highs which is a bullish breakout. 


Edited by Russ, 10 January 2019 - 04:17 PM.

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#5 SemiBizz

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Posted Yesterday, 08:50 AM

So gold testing the 1278.1 Volume Support from the BEARISH OUTSIDE REVERSAL on 1/4/19... note it FAILED to test RESISTANCE at 1300.4... that is NORMAL for gold in a down trend... CONFIRMATION of the downtrend comes when we get a CLOSE under 1278.1

 

DxMphlSUYAAk_bJ.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