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The official gold bearish thread

Trying to stay open minded

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#1 tradesurfer

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Posted 29 October 2020 - 07:34 AM

I am starting this thread so that I can keep open minded about bearish possibilities on gold and silver.

 

Post any and all gold and silver bearish fundamental and or technical analysis possibilities in this thread....

 

 



#2 dougie

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Posted 29 October 2020 - 04:22 PM

you first!



#3 senorBS

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Posted 03 November 2020 - 01:36 PM

Please let be clear no offense is meant at all here but the day this thread was started was so far the exact low in the GDX of the decline from the Aug 5th high, so far straight up from there, we see of that holds

 

Senor



#4 tradesurfer

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Posted 03 November 2020 - 11:29 PM

No worries Senor.... I am happy to be a contrarian indicator for the good of all smile.png

 

I been focusing too much on some long term charts lately and it throw me off a bit...

 

And sometimes I post stuff that is not necessarily the way I am positioned.. I try to get a feel for both sides of the tape on different time frames.


Edited by tradesurfer, 03 November 2020 - 11:35 PM.


#5 Russ

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Posted 09 November 2020 - 11:45 AM

I am starting this thread so that I can keep open minded about bearish possibilities on gold and silver.

 

Post any and all gold and silver bearish fundamental and or technical analysis possibilities in this thread....

 

 

Well my old chart seems to be unfolding now,  your contrarian instincts look to be correct after all... 


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#6 dougie

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Posted 09 November 2020 - 11:46 AM

yep i can see it and i can see that today was a shalkeout. Senot adding to longs here is gutsy and likely smart since the stops are VERY CLEAR IMO



#7 tradesurfer

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Posted 09 November 2020 - 12:26 PM

The weekly bearish engulfing and the RSI threatening below 50 is the main concern at this juncture.... still early this week... 

 

bottom line:  Weekly RSI on the gold price needs to hold at or above 50, if not then it is downtown price action.....   weekly RSI has held 50 since April 2019


Edited by tradesurfer, 09 November 2020 - 12:30 PM.