Gold AUD still creeping up...explosion could come at any time now....
seems its time for a new thread. war markets are treacherous
Started by
dharma
, Mar 02 2022 10:38 AM
4036 replies to this topic
#61
K Wave
-
- Traders-Talk User
- 26,649 posts
Member
Posted 06 March 2022 - 06:40 PM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#62
senorBS
-
- TT Member+
- 10,940 posts
Member
Posted 06 March 2022 - 09:20 PM
gold hits 2000 and backs off "for now" - no surprise, Aussie XGD miner index flying, lookin good tonight
Senor
Edited by senorBS, 06 March 2022 - 09:24 PM.
#63
gannman
-
- Traders-Talk User
- 6,948 posts
Member
Posted 07 March 2022 - 02:53 AM
i am thinking wave i of this move in gld occured from 167.99 up to 182.60 on feb 24
so that would make this a wave iii that we are in right now. its just my best guess
the market will tell us the 167.99 happened on feb 4 at 9 40 am . then we did a 50 %
retrace of wave i into 2 40 pm on feb 24 . just my guess
Edited by gannman, 07 March 2022 - 02:58 AM.
feeling mellow with the yellow metal
#64
gannman
-
- Traders-Talk User
- 6,948 posts
Member
Posted 07 March 2022 - 03:13 AM
that 50 % retrace was a wave ii. in a wave iii now . the implications for gld imo are that we are headed towards 202
on gld for a total move of 340 bucks from low to high. we will see
feeling mellow with the yellow metal
#65
CHAx
-
- Traders-Talk User
- 1,614 posts
Member
Posted 07 March 2022 - 08:38 AM
Careful here, complete reversal of commodities and equities futures from sunday's open. Smells like some type of peace deal in Ukraine. --- that is speculation, not known fact.
Palladium was up nearly 400, now down 150. Similar moves in gold/silver/copper.
#66
K Wave
-
- Traders-Talk User
- 26,649 posts
Member
Posted 07 March 2022 - 09:40 AM
So far, PL holding the back test of the key 1100 level nicely....
If that continues to hold here today, could be the back test before a big launch....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#67
K Wave
-
- Traders-Talk User
- 26,649 posts
Member
Posted 07 March 2022 - 09:48 AM
PL 15 min...still classic bull look at this juncture...1100 breach could be trouble.
But above 1160, and Watch Da Sky......
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#68
K Wave
-
- Traders-Talk User
- 26,649 posts
Member
Posted 07 March 2022 - 10:02 AM
this pullback on the slingshot this AM has potentially huge potential...if the tubing does not break on the pullback....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#69
dharma
-
- Traders-Talk User
- 9,612 posts
Member
Posted 07 March 2022 - 10:04 AM
dsi
gold =79
silver =75
oscillators are approaching overbought
a correction is healthy
be careful
dharma
#70
K Wave
-
- Traders-Talk User
- 26,649 posts
Member
Posted 07 March 2022 - 10:05 AM
A move over 26 after the pullback and Silver is likely in full launch mode....
could see a pullback a low as 24 if launch does not come PDQ....
Edited by K Wave, 07 March 2022 - 10:05 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
