Unless you think you are smarter than the market here... time to AVOID this trade...
Are you really prepared for the downside risk, well under $1000?
Posted 13 August 2018 - 09:33 AM
Unless you think you are smarter than the market here... time to AVOID this trade...
Are you really prepared for the downside risk, well under $1000?
Posted 13 August 2018 - 09:57 AM
US$ Index going to 97.50 here...
Don't fight it.
Posted 13 August 2018 - 10:05 AM
The only waves I see here are the ones off the side of the ship here, currently anchored in the Cayman Islands...
So far, we have "Steady Eddy" to the downside in the gold contract... ZERO SIGNS OF CAPITULATION...
I will let you know if we see it.
Posted 13 August 2018 - 10:27 AM
You can expect a bounce on the miners in the low 71s on XAU...
We'll see if it is a dead cat, or if it can retest 74....
In either case, the upside mo is broken and the horse is out of the barn...
As said earlier, I'm looking for consolidation to 64-66
Posted 13 August 2018 - 11:29 AM
Posted 13 August 2018 - 11:33 AM
I'm not going to be exact here, I don't have my notes, I'm on a ship in the Caribbean on vacation... somewhere around 71.63 XAU is what I recall...
Knife catchers sigh of relief bounce in there somewhere...63
I was on a plane on Friday, didn't get a chance to reload my DUST...
So I look forward to that bounce.
DUST going to 40 way it looks here... so if I get a pullback to 30ish, I'm on board.
Edited by SemiBizz, 13 August 2018 - 11:42 AM.
Posted 13 August 2018 - 11:43 AM
I actually think you could get a decent bounce in gld here
But I will watch haha
If you read that earlier thread, I gave a target of 113.08 GLD - tested this morning, bounce in progress.
Posted 13 August 2018 - 11:52 AM
RUT ROH - 113 broke
111.50 next best support....
GLD
BYE BYE GOLD....
Posted 13 August 2018 - 11:54 AM
XAU Broke....
Look for a clean test of 71.00 now
Posted 13 August 2018 - 12:05 PM
Posted on 08/08/18
Actually I believe the most important low on this monthly chart is November 2016 at 1167.90.