Gold thus far holding back test of now rising 5 min 900....
THE PRIMARY WAVE THREE thread and finding the Intermediate wave TWO corrective low
#341
Posted 07 April 2021 - 07:41 AM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#342
Posted 07 April 2021 - 07:53 AM
GDX 30 min chart may just be the intermediate Decider.....
Pullback needs to be shallow to keep the Hopeful Path alive...
Back below 33 would be first sign something not quite right with IT bull picture....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#343
Posted 07 April 2021 - 09:12 AM
nem set up to make a large move up here imo
#344
Posted 07 April 2021 - 10:49 AM
added more to GDX here (now 50% long) - believe we put in IT bottom
#345
Posted 07 April 2021 - 10:57 AM
i agree
#346
Posted 07 April 2021 - 11:15 AM
/HG /CL /RTY not acting well intra-day. Could be a warning about general liquidity. Im still biased thinking /GC has bottomed, but I am not convinced about /SI.
#347
Posted 07 April 2021 - 11:50 AM
not sure how this is any different than the last 4 local highs but i am HAPPY to be wrong
#348
Posted 07 April 2021 - 12:01 PM
not sure how this is any different than the last 4 local highs but i am HAPPY to be wrong
Gold put in a double bottom but the gold stock indices showed positive divergence, as has been said on this site before, stocks tend to lead the metal.
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#350
Posted 07 April 2021 - 12:20 PM
And you may end up with a completely empty truck if you did not take a shot divergent double bottom 4 hour support....
But yes, should that support get broken, GLD 130-140 range would be next target zone.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy