28 replies to this topic

[senorBS]

I like the possibility that the very recent Gold drop to a new low near 1280 may have ended the correction from 1345, take that low out by $5-10 and I start worrying about the bull case, we see BSing away Senor

[johngeorge]

Si Senor BS I am looking at it the same way. Will feel much more comfortable when gold is firmly above 1320 in the near term. Nice bounce this am.........can they keep it going?

[tomterrific14]

http://news.goldseek.../1406896328.php Aug-Sep up last 9 years.

Above 1320 needed.

[tradesurfer]

I like the possibility that the very recent Gold drop to a new low near 1280 may have ended the correction from 1345, take that low out by $5-10 and I start worrying about the bull case, we see

BSing away

Senor

Interesting. If we look at the price action of August 2013, either in gold or silver there appears to have been a falling wedge there. Then came that huge 3rd wave up spike which was almost vertical.

Now there is a similar falling wedge pattern in the same seasonal time frame (August).

Stochastics has a bullish cross in both time frames as well.

If this is truly going to be a 3rd wave up then maybe a similar move will start next 2 weeks. (ie. huge squeeze higher).

[dharma]

dont know if its a good thing , but i am looking @it the same way. daily oscillators have moved to oversold. i have 1277 as major support. the banksters have been using the 80 as a reveral point , like in 682 for a low and example besides which , for my stuff time runs out today/monday dharma

[dougie]

Yen turning up here too; the low might be in or nearly there

[dougie]

biggest negative I see out there this the weeklies stochs have clearly rolled over here:
http://scharts.co/1cnYuRX

When did that not matter last?

[Russ]

[senorBS]

Bueno bullish set up IMO if it's bullish - no excuses here, bueno looking big 5 up off late May/early June low, so far a corrective looking decline to support, we should soon see a sharp rally if bullish, as I said Friday a $5-10 sustained decline below that 1280 low area would not look good. as always DYODD BSing away Senor

[dougie]

"as I said Friday a $5-10 sustained decline below that 1280 low area would not look good. as always DYODD" indeed. thanks