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LOL! The risk of $1,700 is limited


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#1 Rogerdodger

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Posted 01 September 2022 - 09:15 AM

"The risk of gold price plunging below $1,700 is limited"

 

I seldom read commentaries, especially GOLD commentaries. Like Crypto salesmen, all too often, they are just cheerleaders.

 

Currently, GOLD at $1694 and dropping. Maybe enough for shakeout, but I doubt it in the longer term.

 

Sometime ago, when NUGT lost $40 support, I recalled that years ago it got into the single digits and they did a 5 for 1 reverse split. Then it fell even more!

t24_gold_en_usoz_home_262_130.gif?random


Edited by Rogerdodger, 01 September 2022 - 09:19 AM.


#2 Rogerdodger

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Posted 01 September 2022 - 09:32 AM

$XAU RSI @ 34.84

30 was support back in May.

Jack Chan Chart

XAU.jpg


Edited by Rogerdodger, 01 September 2022 - 09:35 AM.


#3 dougie

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Posted 26 September 2022 - 09:38 PM

"The risk of gold price plunging below $1,700 is limited"

 

I seldom read commentaries, especially GOLD commentaries. Like Crypto salesmen, all too often, they are just cheerleaders.

 

Currently, GOLD at $1694 and dropping. Maybe enough for shakeout, but I doubt it in the longer term.

 

Sometime ago, when NUGT lost $40 support, I recalled that years ago it got into the single digits and they did a 5 for 1 reverse split. Then it fell even more!

t24_gold_en_usoz_home_262_130.gif?random

great call RD