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#11 senorBS

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Posted 02 December 2019 - 10:16 PM

what gold needs is for things to get out of control . watching the dollar closely

 

i believe that is key

dxy has a nice lookin bearish wave pattern IMO, 5 down, abc up looks done and maybe ready to enter the meat of a wave 3 down off major highs, we see

 

Senor



#12 dharma

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Posted 02 December 2019 - 10:44 PM

how about this picture of the dollar https://pbs.twimg.co...hefWkAAWJYm.png

sure could be your 3rd wave down

dharma



#13 Russ

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Posted 02 December 2019 - 11:34 PM

 

what gold needs is for things to get out of control . watching the dollar closely

 

i believe that is key

dxy has a nice lookin bearish wave pattern IMO, 5 down, abc up looks done and maybe ready to enter the meat of a wave 3 down off major highs, we see

 

Senor

 

I have had these trends on DXY for a long time now for a low around Oct. 2020.


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
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#14 K Wave

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Posted 03 December 2019 - 08:39 AM

Here we go...

#15 K Wave

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Posted 03 December 2019 - 08:40 AM

Hope everyone is strapped in for this Rocket Ride

#16 senorBS

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Posted 03 December 2019 - 08:53 AM

Hope everyone is strapped in for this Rocket Ride

really like where gold's DSI readings are from 5 thru 21-day, so sentiment as well has set up beautifully IMO for a key big secondary low, and as many of us have commented the "internals" (miners A/D line action) has been bullishly diverging and leading the way up. No guarantees as always but we have a great chance here IMO to decisively break out and head higher for months, we see as todays rally really needs to be sustained and extended - looks good at this time

 

Senor 



#17 K Wave

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Posted 03 December 2019 - 09:00 AM

 

Hope everyone is strapped in for this Rocket Ride

really like where gold's DSI readings are from 5 thru 21-day, so sentiment as well has set up beautifully IMO for a key big secondary low, and as many of us have commented the "internals" (miners A/D line action) has been bullishly diverging and leading the way up. No guarantees as always but we have a great chance here IMO to decisively break out and head higher for months, we see as todays rally really needs to be sustained and extended - looks good at this time

 

Senor 

 

 

 

Yeah...last few days were classic pre-explosion action, as all the 900 MAs on the various time frames came together.

 

All the bulls need to do now is hold the Gap'N'Go today, and should be off to races in GDX/GDXJ and related derivatives with a big breakaway gap upside..

 

Bulls DO NOT want to fumble here....I dont think they will, but we will see by the end of the day.

 

An hourly close over 39 on GDXJ should pretty much seal in launch mode...



#18 K Wave

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Posted 03 December 2019 - 09:09 AM

Gold still has a resistance zone at 1480-85 area (hourly 900)

But methinks GDXJ is telling us it will likely be reclaimed by bulls in the not too distance future...

 

GC futs 4 hour is now back on full buy signal as well, but could be a battle for a bit in the 1480-85 zone...



#19 K Wave

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Posted 03 December 2019 - 09:12 AM

Last piece of the puzzle is Platinum....still on the launch pad, but it looks to have flipped the 30 min time frame overnight.

 

One more good push up will flip the hourly as well, and then all intermediate time frames will be back in bull mode....



#20 Smithy

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Posted 03 December 2019 - 09:23 AM

Anyone know the DSI for the gold low on Nov 26th, for the record?