Big down, I figured it was a shakeout, or selling climax, so I bought at 1802 just before the close. Just looked at it (6:58 EST) . Trading at 1814, with a gap. yu don't see many gaps in the futes, worth noting.(JMHO)
Gold
Started by
slupert
, Nov 24 2020 06:59 PM
6 replies to this topic
#2
flyers&divers
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Posted 25 November 2020 - 06:59 AM
I don't trade Gold but Silver and yesterday I started building bull call spread positions in year and a half and longer option expirations in SLV.
There will be a lot of wind behind the sail of Silver to help propel a mega move: monetary policies, cyclical momentum, increased usage, etc.
F&D
"Successful trading is more about Sun Tzu then Elliott." F&D
#3
qqqqtrdr
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Posted 27 November 2020 - 10:26 AM
There has been an increase of these gold warehouses trying to sell gold and silver on TV... Since it is still happening, I feel it has more to run lower.
#4
slupert
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Posted 27 November 2020 - 04:13 PM
There has been an increase of these gold warehouses trying to sell gold and silver on TV... Since it is still happening, I feel it has more to run lower.
I got out with a small profit, some are looking for Monday's Lunar eclipse to mark the bottom. Gold got killed in the low holiday volume, I think it bounces right back. Citi is looking for 2100 next year I think so too. (JMHO)
#5
slupert
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Posted 27 November 2020 - 04:16 PM
Wouldn't be surprised to see this wedge break. http://schrts.co/SRGfdFKB
#6
tsharp
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Posted 27 November 2020 - 05:57 PM
Probably get a bounce or support from the ~1750 range... twt.
#7
dougie
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Posted 07 December 2020 - 09:26 PM
Probably get a bounce or support from the ~1750 range... twt.
good call. next?
