41 replies to this topic

[fib_1618]

All upside price targets have now been met for gold in what looks to be a classic commodity style blow off top. 

 

A trigger of the Parabolic SAR indicator should be respected for what it may suggest.

 

Any move above $5410 in gold could suggest further parabolic upside potential until all of the UNwilling buyers begrudgingly make their commitments.

 

Fib

[senorBS]

All upside price targets have now been met for gold in what looks to be a classic commodity style blow off top. 

 

A trigger of the Parabolic SAR indicator should be respected for what it may suggest.

 

Any move above $5410 in gold could suggest further parabolic upside potential until all of the UNwilling buyers begrudgingly make their commitments.

 

Fib

Ironic that I saw your post as I just came in to report that MONTHLY 14 bar RSI is right now at 95.47 marked to the market. I do not think in my almost 40 years of following the markets I have seen any monthly RSI that high! One would think that something soon will "give' here, but as you said it could always blowoff higher. Great work amigo

 

Senor

Edited by senorBS, 28 January 2026 - 04:02 PM.

[fib_1618]

With the 14 month RSI that high one would think a bit of divergence would be needed to "put a fork in it", but being that it's on a monthly timescale, that could happen 1 or 2 years from now! 

 

In any event, we have all the ingredients of a significant top here...my thinking is something like a $300 down day in gold would be the kick off to a longer term consolidation.

 

We'll see how it goes.

 

Best

[senorBS]

All upside price targets have now been met for gold in what looks to be a classic commodity style blow off top. 

 

A trigger of the Parabolic SAR indicator should be respected for what it may suggest.

 

Any move above $5410 in gold could suggest further parabolic upside potential until all of the UNwilling buyers begrudgingly make their commitments.

 

Fib

Just blew through $5500 in after hrs trading, high so far 5598 - just crazy! Be interesting to see what happens overnight.

 

Senor

Edited by senorBS, 28 January 2026 - 06:44 PM.

[jabat]

Fib- you got your wish of $300 down day. It may be a start?

With the 14 month RSI that high one would think a bit of divergence would be needed to "put a fork in it", but being that it's on a monthly timescale, that could happen 1 or 2 years from now! 

 

In any event, we have all the ingredients of a significant top here...my thinking is something like a $300 down day in gold would be the kick off to a longer term consolidation.

 

We'll see how it goes.

 

Best

[fib_1618]

We had an outside range day on Thursday for both gold and silver which suggests a down close for Friday. More on Range Days can be found here: https://tinyurl.com/28vc9gby

 

Current Parabolic SAR sell signal for gold is at $4927...silver is at $100. Keep in mind that these signals change day by day and will slide up on Monday if they are not hit today.

 

Fib

[fib_1618]

As of 10:36 eastern time we just got Parabolic SAR sell signals for both GLD and SLV

 

Fib

[fib_1618]

Look for initial support on the precious metals charts at the 20 day EMA. You'll note that both the XAU and HUI found initial support at this same "trendline" this morning.. 

 

From there a dead cat bounce to or toward any gaps directly above this same EMA and then a roll over. How prices react during this roll over period will give us a better indication if the top is in.

 

Fib 

[fib_1618]

Gold is currently down 9% and silver is down 25% intraday...and not one peep from the financial press.

 

Sure smells like an important top to me.

 

Have a great weekend!

 

Fib

[dougie]

With the 14 month RSI that high one would think a bit of divergence would be needed to "put a fork in it", but being that it's on a monthly timescale, that could happen 1 or 2 years from now! 

 

In any event, we have all the ingredients of a significant top here...my thinking is something like a $300 down day in gold would be the kick off to a longer term consolidation.

 

We'll see how it goes.

 

Best

GREAT CALL FIB