678 replies to this topic

[Smithy]

A bearish close in the HUI on Friday.

 

[Smithy]

Weds 9/30 - the new In Gold We Trust Incrementum Chartbook

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[Smithy]

Success leads to excess.

 

Excess leads to failure.

 

Failure leads to success.

[Smithy]

The inverse h&s on the USD chart is gold bearish IF the USD neckline holds.

 

 

Here the USD is inverted, showing the close correlation.

 

[dougie]

down we go into 1700s IMO

[dougie]

interesting juncture

[CHAx]

interesting juncture

 

~1892 GC and ~1923 GC are the two pivots determining bull bear line here for the next 48 hours.  Hourly closes above 1923 should not be shorted, and hourly closes below 1892 should not be bought.  Hourly closes on or near pivots should be viewed with skepticism.

Edited by CHAx, 06 October 2020 - 07:07 AM.

[Smithy]

Good point. Today looks critical to me for gold.

[CHAx]

 

 

 

~1892 GC and ~1923 GC are the two pivots determining bull bear line here for the next 48 hours.  Hourly closes above 1923 should not be shorted, and hourly closes below 1892 should not be bought.  Hourly closes on or near pivots should be viewed with skepticism.

 

 

Nailed the numbers today, still lost money trading!   Flipped from short to long way too soon.  uff.

[Smithy]

Alasdair Macleod suggests we might see a short squeeze in Dec gold.

 

https://www.goldmone...n-point-beckons