1890 gold doable here to downside. not married to that.
USD looks overdone? If we take out recent lows watch out though
what the hell, out on a limb. the 1850ish low marks the bottom of this correction. the next leg higher begins now
Started by
dharma
, Oct 21 2020 09:54 AM
1426 replies to this topic
#662
linrom1
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Posted 08 January 2021 - 12:25 PM
1850 again. Is the bottom again?
#663
linrom1
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Posted 08 January 2021 - 02:04 PM
I was never a real gold bull until now. So what has changed: Gold should trade at $3,000 solely based on the fact that we have a demented crazy Speaker of the House and senile President elect.
#664
dougie
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Posted 08 January 2021 - 02:11 PM
well well well
intersting juncture here.
add or go flat...
stops are pretty clear imo
#665
dougie
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Posted 08 January 2021 - 02:15 PM
10 dma and 50 dma sliced through like hot knife and butter. not good that.
still, the bull will want to kick off many.
but i doubt this is done. not enough time for the masses to get out
#666
Smithy
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Posted 08 January 2021 - 02:18 PM
Good call on sentiment, Dougie.
#667
dougie
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Posted 08 January 2021 - 02:47 PM
a bounce then more down monday and then up we go imo
#668
dougie
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Posted 08 January 2021 - 03:31 PM
where is the impulsive move north pray tell?
#669
dougie
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Posted 08 January 2021 - 03:40 PM
is the USD done for now to the downside?
Maybe gold pauses for a few months?
#670
senorBS
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Posted 08 January 2021 - 03:52 PM
Decided to take some lumps and get out of everything, hard to see SLV and GLD and other stuff not going below Nov lows, as always just a best guess and my opinion, but I'd rather be out and reevaluate - the action in TYX continues concerning as does dollar as others have mentioned.
Senor
