Jump to content



Photo

gdx


  • Please log in to reply
2 replies to this topic

#1 gannman

gannman

    Member

  • Traders-Talk User
  • 5,610 posts

Posted 08 November 2020 - 04:01 PM

from the low on oct 29 it looks to me like we have a clear 5 waves

 

up into 41.81 on nov 6. so i am watching that level to see when 41.81 

 

is exceeded i would think that would lead to a wave iii of minor degree 

 

up . my target for gdx on this leg is around 70 fwiw 


Edited by gannman, 08 November 2020 - 04:02 PM.

feeling mellow with the yellow metal


#2 tradesurfer

tradesurfer

    Member

  • Traders-Talk User
  • 2,630 posts

Posted 08 November 2020 - 04:36 PM

What about the COT

 

not exactly suggestin gold is a screaming buy here....

 

https://snalaska.us/...t/charts/GC.png



#3 gannman

gannman

    Member

  • Traders-Talk User
  • 5,610 posts

Posted 08 November 2020 - 05:13 PM

i really dont trade the cot i cant make heads or tales of it tbt. i look at the waves . they always seems to unfold 

 

and to me right now the waves are bullish. i might be wrong but i will take my chances on the long side here


feeling mellow with the yellow metal