especially from 11:30 to 13 minutes
The daily should fail over the coming weeks.
Note how the 2 hr double topped, similar to the GDX top call earlier. LONG some TZA
#1 Stoch has left green
#2 MACD getting close to cross over
#3 NUGT channel trend line going down is providing resistance
#4 TSI bullish cross
#5 Need RSI to breach 50
#6 Elder bar needs to turn green
#7 Final confirmation is 13/34 cross
I am desperate for a Friday trade
Gold and the GDX have declined into the 34-day Fibonacci step out today from 1/22 and are trying to bounce. Gold tested $1190 and is fighting to stay above the .618 retracement of the rally from 11/7 to 1/22. The daily range today is key. Breaking above or below today’s range tomorrow could give us our next tradeable move in the PMs. Trader Jack
To follow the waves and turn windows of the SPX and gold, check out my blog:
The 13/34 just crossed to a SELL signal today as I type. I am expecting a backtest of the 13/34 MA. This should repel the move up. If not careful if short.
Grin mentioned these previously. Let’s see how GDX reacts at the pink lines…
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Please use the “New” Button at the top of the page ….Fullgoldcrown
Yes Virginia that’s $850 by October
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Join the discussion
It needn’t be all TA
I never knew you were a shrink
A Swedish Shrink
I don’t believe I have ever know a Swedish Shrink
We can talk about Psychoses as well
Have you met Washer ?
Nemo: Thanks a lot that is a very special compliment coming from you !
I was awol here today but I see you have met some of the residents
Eagleseagle (Editor) and Washer (Resident madman)
Even though you say you do not know TA…keep posting and ask a few questions
Never too old to learn a thing or 2
Conflict Management ?
Where were you when I needed you ?
…. could you two pleeease (!!!!) be quite for a while, so I can leave my computer.
As I understand it … you two are close to start a discussion. And I have to get to bed.
You should just wait two minutes, til I can close my “puter”.