i think gld is just at the start of a powerful move up here
closing above 175 would confirm it and then i would expect
a quick run into the 190's
Posted 25 January 2022 - 02:17 PM
i think gld is just at the start of a powerful move up here
closing above 175 would confirm it and then i would expect
a quick run into the 190's
Posted 25 January 2022 - 04:44 PM
i think gld is just at the start of a powerful move up here
closing above 175 would confirm it and then i would expect
a quick run into the 190's
With benchmark rates going higher, not likely.
Current A/D chart from last weekend isn't supportive as well.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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Posted 26 January 2022 - 06:33 AM
i like the technicals on gld here they look good to me
Posted 26 January 2022 - 09:02 AM
i like the technicals on gld here they look good to me
Such as?
Fib
Edited by fib_1618, 26 January 2022 - 09:02 AM.
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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Posted 26 January 2022 - 11:45 AM
time segmented volume is excellent
the daily macd and my interpretation of elliott , which is of course subjective
Edited by gannman, 26 January 2022 - 11:47 AM.
Posted 26 January 2022 - 04:06 PM
Will it break back above or is gold finally putting 2400 in the rearview.
Posted 26 January 2022 - 04:31 PM
Will it break back above or is gold finally putting 2400 1800 in the rearview. (sorry - silver/gold brainfart)
What I don't understand is why silver can't seem to hold above 24.
Posted 26 January 2022 - 05:58 PM
What I don't understand is why silver can't seem to hold above 24.
Aye...that's the rub, isn't it?!?
Silver has been always considered the "poor man's gold" and tends to lack luster in initial stages of bullish trends in gold. So when you see silver leading, as it did last week, you know that the weak hands are fronting the complex based on emotion and not so much on fundamentals (no less, technical considerations). Another reason currently is that the $24 level is also where the 200 day EMA is which causes longer term resistance.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
Posted 27 January 2022 - 02:40 PM
well like i said i needed a move above 175 to get verification and that obviously is not happening
i have a date around feb 5 feb 6 for a possible bottom in this complex
Posted 27 January 2022 - 04:05 PM
Gold is said to be a stock market hedge. The fact that gold is suffering a severe drop just when stocks are also dropping is strange.
1. Either gold weakness is false and stocks will continue to drop as gold recovers and moves higher in the next several days and weeks
OR
2. Gold weakness is real and enduring, and stocks will turn around soon
I favor scenario 2.