Goldtent TA Paradise

And now for this important update from our paster Bo. If you are listening profits will be simply “divine”

Anyone in the market for stacking some gold bullion coins?

BEAR trap followed by a BULL trap?
Important crossroad for commodity sector…

Where Fort Art You Plunger ?

Oh there you are .

https://rambus1.com/2018/06/24/weekend-report-state-of-the-markets-gameplan/

They say that ‘Round Numbers’ are psychologically significant levels of S&R.

– USD has failed the 95 level, 8 times out of the last 20 sessions

– EMA13 is rolling over

– The 93 level now looks key to me…

We have seen these tired old charts before, but there has been some repainting along the trim edge this weekend.
Since $XEU is a lions share of the USD index (52%) we pay attention to where its headed. Right now it appears headed for consolidation. Its consolidating in a down trend, so one might expect the break out to be downside as well. Its possible the consolidation could morph into a reversal. We’ll see.

As expected the $USD is also consolidating. Would really like to see a 5 point reversal here. Its possible. A time frame for that to fully develop might be late Summer, early Fall. Again, we’ll see.

The $USDJPY Bollinger Band breaks on the September and March bottoms initiated similar patterns – Pete and Repeat on the chart. The similarity suggested a rally in $USDJPY, and it didn’t disappoint. For awhile it looked like Repeat could go all the way to the upper solid blue trend line and beyond. So far its just following along the same old path that Pete traced out. If $USDJPY rallies over the neck line of the potential inverse SHS its bearish gold, but if it “peter’s out” that’s bullish…

$GOLD daily – This chart looks terrible right now. Huge 5 point reversal. 50/200 DMA bear cross getting underway. Oscillators taking up residence in the cellar. Nevertheless, expecting a bounce here. After that, we’ll see.

For good news that’s like a fresh breeze, have another looks at North’s posts: HGU and First Majestic Silver.

All Dad’s enjoy a great time with your offspring .

Oops…see comment below

sheesh