yesterdays GDX move was to fill the gap from mthe 8th...
down we go?
golds next leg higher
Started by
dharma
, Mar 18 2020 11:33 AM
859 replies to this topic
#162
dougie
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Posted 14 April 2020 - 01:24 PM
yesterdays GDX move was to fill the gap from mthe 8th...
down we go?
that should be gdxj apologies
#163
dougie
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Posted 14 April 2020 - 01:32 PM
GDX : pullbackto 26 area would then form a nice H&S
#164
dharma
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Posted 14 April 2020 - 02:31 PM
interesting gdx hit the top on the left shoulder today that high was 3208 today we hit 32.25
gdxj hit 41.03 back then today it hit 41.42
so hitting resistance and backing off i dont see this as anything more than running into previous resistance
now , we have had a good run futures got up to a gold high of 1789 close to 1800 i am not convinced of
anything more than a speed bump in the road
dharma
HERE IS THE GANN GUY
http://www.ganngloba...9d5189540b69330
miners are still way off from their 11 highs
Edited by dharma, 14 April 2020 - 02:40 PM.
#165
Russ
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Posted 15 April 2020 - 12:48 AM
Here's what I think is going to happen, Gold's wedge should break down into late April....
"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/
"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/
#166
dougie
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Posted 15 April 2020 - 01:48 AM
Here's what I think is going to happen, Gold's wedge should break down into late April....
i concur Russ. thanks
#167
stubaby
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Posted 15 April 2020 - 07:56 AM
Here's what I think is going to happen, Gold's wedge should break down into late April....
"should break down"- when it does then I can act - this could just as easily be a "running correction" and the break out is up with the now divergent indicators following higher - I will stay long for now my friend - but I am watchful - thanks for the heads up!
#168
K Wave
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Posted 15 April 2020 - 08:40 AM
SI failed in its attack on 16.50 area, and now looking like a very possible throwover at hourly 900...
Might want to consider lightening up if you have not done so already.
That was onr heckuva run to the upside and a breather is reasonably likely.
And until Silver can reclaim 16.50, possibility still exists that it could be worse than a breather...
Until things are fully synced back up, this is a trader market for now.
Edited by K Wave, 15 April 2020 - 08:41 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#169
K Wave
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Posted 15 April 2020 - 08:46 AM
This hourly look on SI is what I find especially concerning right now...a picture perfect 3 drives to a top into potentially massive resistance.
IF SI overcomes THAT, then coast is likely clear...but if doesn't, could get a bit ugly dead ahead.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#170
stubaby
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Posted 15 April 2020 - 09:03 AM
This hourly look on SI is what I find especially concerning right now...a picture perfect 3 drives to a top into potentially massive resistance.
IF SI overcomes THAT, then coast is likely clear...but if doesn't, could get a bit ugly dead ahead.
Thanks K Wave
