XAU will go up until early March, the price will probably be close to last summer's high.
Third wave now or "b" of an abc still unfolding?
#21
Posted 02 February 2017 - 09:13 AM
"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/
#22
Posted 02 February 2017 - 11:37 AM
I like how well the miners "so far" have held up during the short term selloff when gold pulled back from the attempted breakout above 220-224 resistance. Lets see how they close today
Senor
#23
Posted 03 February 2017 - 10:39 AM
my guess is that this rally after the early gold pullback to 1206 has a good chance to finally decisively rally above 1220-1224 resistance and if that happens we are likely entering the center point of a daily 3rd wave, I'm goin skiing, have fun amigos
Senor
#24
Posted 06 February 2017 - 09:42 AM
took profits on half my longs on the opening, now about 25% long, as always DYODD
as to why? GDX and GDXJ are right now challenging their 200-day MA's, often the 1st challenge is rejected so I took some off the table but still holding a core long
Senor
Edited by senorBS, 06 February 2017 - 09:45 AM.
#25
Posted 06 February 2017 - 10:51 AM
Senor congrats on the profit; I'm hanging in there. A question - do you know how the DSI is arrived at:? ;
#26
Posted 06 February 2017 - 11:55 AM
Some negative divergences holding up
#27
Posted 06 February 2017 - 12:18 PM
Per usual, the nose knows. Awesome trading Senor. A joy to watch you work. I believe I need to take up skiing and biking.
Best to you.
johngeorge
#28
Posted 06 February 2017 - 03:27 PM
as we have currently blown thru the 200-day MA's in GDX and DDXJ and with Gold at 1234 sure looks like a iii of 3 of a larger THREE of C unfolding
Senor
#29
Posted 06 February 2017 - 03:52 PM
so if its a C its a large correction? is that how u see it? or do you see this as an impulse indicating we are going much higher?as we have currently blown thru the 200-day MA's in GDX and DDXJ and with Gold at 1234 sure looks like a iii of 3 of a larger THREE of C unfolding
Senor
thanks
dharma
#30
Posted 06 February 2017 - 03:55 PM
so if its a C its a large correction? is that how u see it? or do you see this as an impulse indicating we are going much higher?as we have currently blown thru the 200-day MA's in GDX and DDXJ and with Gold at 1234 sure looks like a iii of 3 of a larger THREE of C unfolding
Senor
thanks
dharma
Be right and sit tight. jmo