4036 replies to this topic

[cafeflorida]

I'll list the whole series later.

 

Some examples are spectacular.  Others show a response not so great.

 

But from a probability standpoint, Gold takes on a bullish bias very soon here.

[Smithy]

Fed Raises Interest Rates by 0.75 Percentage Point for Third Straight Meeting

 

Officials project short-term rates will rise above 4.25% by year’s end,

signal further large increases at upcoming meetings

[senorBS]

 

or BUY THE THRUST down below 1654 out of a what currently appears a nice looking wave 4 contracting IF it occurs, IMO would be a rather high confidence scenario, we see

 

Senor

 

LOL, gold made a new low by about 30-40 cents on a potential ENDING post tri thrust just below 1654, temporary low or an important one? way too early to tell

 

Senor

Edited by senorBS, 21 September 2022 - 01:21 PM.

[senorBS]

 

 

or BUY THE THRUST down below 1654 out of a what currently appears a nice looking wave 4 contracting IF it occurs, IMO would be a rather high confidence scenario, we see

 

Senor

 

LOL, gold made a new low by about 30-40 cents on a potential ENDING post tri thrust just below 1654, temporary low or an important one? way too early to tell

 

Senor

 

Hmmm, does it get any more classic than the gold thrust down and reversal? Like what I see but this is a FED Day so let's see how we close, lots can change between now and the close. Keep in mind the huge technical divergences seen and miners NOT making new lows with gold, and the oversold condition we have ad very bearish sentiment, recent COT extremes. 

 

Senor

[K Wave]

Starting to look like a pretty well tested bottom at 1660 on Gold...

 

As long as it does not go down there again, corner may be turned here....

[dharma]

starting to look that way

i  am either lost or the broad market  has to make new lows.  raising rates curtails bottom lines of corporate earnings

dharma

[K Wave]

With the late action...not so sure Gold will survive the night above 1660...

 

But if it does, the bulls might have a shot...

[dougie]

what in the world is going on other than instability

[dougie]

 

 

 

 

 

 

 

 

Alf

 

@MacroAlf

·

1h

 

When hoarding forms of USD cash nominally pays 4%+ and possibly positive real rates too, alternative & non-interest bearing forms of money... ...tend to get downgraded: not positive for gold. There are some interesting portfolio implications & tactical trades to discuss...

 

[dougie]

gold/spx big breakout today

FWIW