with a watchful eye in case it falls.
Posted 05 March 2021 - 01:05 PM
with a watchful eye in case it falls.
Posted 05 March 2021 - 01:44 PM
Posted 06 March 2021 - 11:41 AM
I also thought it was worth a small nibble... with close stops.
Some seasonal Gold charts show mid March as a possible bottom.
They are as accurate as most weather predictions...LOL!
Or This...LOL!
Edited by Rogerdodger, 06 March 2021 - 11:48 AM.
Posted 06 March 2021 - 12:17 PM
ZERO signs of strength in the gold contract...
Riding the Lower BB... lower and lower.
Good Luck, I would not be surprised to see 25 on GDX
Here's a broader look at the gold mining market... ZERO signs of strength
And then there's the MASSIVE ONCOMING HEADWINDS...
Posted 06 March 2021 - 06:20 PM
I think the 2nd seasonal chart above may be closest to the path.
Posted 07 March 2021 - 12:19 AM
.
Brutal March? Gold price at risk of a flash crash to $1,600
Gold could be looking at the $1,685 level next week, which should hold, according to Hug. "Gold is at a critical technical if you follow the Fibonacci indicators," he said. "I expect a bounce here from a technical perspective – gold to close and trade $1,700 next week, which is a psychological level. The $1,725 is the next level of resistance, followed by $1,750."
However, there is a clear risk of a drop towards $1,660, and even lower, Melek pointed out, citing the need for the Fed to clarify exactly when and under what conditions could the central bank intervene to control the yield curve. "Good economic numbers next week could make the low-1600s a zone rather than a hard stop," he said.
Edited by Rogerdodger, 07 March 2021 - 12:19 AM.
Posted 07 March 2021 - 10:17 AM
I suspect there will be a metals market bounce on Monday, there should be after the Senate passed the pork bill.
But if it doesn't and this downside target happens... could be rough days ahead
Posted 08 March 2021 - 03:41 PM
GOLD hit our targeted area "around" 1670 today...
I would be VERY VERY CAREFUL LONG here, because we have GANN working here and you might see a replay of this:
Posted 08 March 2021 - 03:47 PM
Stop is set
Posted 30 March 2021 - 07:49 PM
2nd Warning... today's low 1678
GOLD hit our targeted area "around" 1670 today...
I would be VERY VERY CAREFUL LONG here, because we have GANN working here and you might see a replay of this: