GOLD Expanding Broadening Wedge
The breakout direction is upward 79% of the time …
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Wing and a Prayer Gabe
Even if it bounces it stalls out at 1200 …was support now resistance
looks Bleak
may day may day
We started the day above 1200, we can finish the day above 1200 => BT & hammer.
Yes FGC, difficult time but I will stay bullish till 1172 is taken …
Also GDX did not make a new low.
Need some Bulls here …
I like the chart Gabe. 1240 – 1250 by fed date. Sentiment is in the dirt and we are ready for a turn soon.
Thanks Randy.
My others indicators are also pointing for a bounce or a reversal.
If that probability is true, that’s odds I like.
FGC, don’t get too down. As I have said a few time wait for the turn, otherwise stay flat if it causes you too much heart burn.
I still think “they” are setting Stock Markets and USD at highs, and Gold at low.
When Trump starts (Jan. 20) or just before, Stock Markets will go waaaaay down and Gold waaaaay up.
So it seems that Trump is the one responsible.
But this is just conspiracy theory because all Markets are manipulated except Gold and Silver … right ?
I’m in your camp, “they” do manipulate markets for their gain. (not like gold bugs say, that every buyer is a good guy and every seller a bad guy!! As despite thinking gold goes higher I have been short certain instruments lately and I might not be to everyone’s liking but I am not an evil banker!!) I know this as I am ex-GS, and I know what those buggers get up too. I don’t discount anything at all. That’s why I like charts, no agenda, just cold hard price action. Best I have found in 17 years of looking.
Argentaurus
I am Not at all down…I am UP 100% this year and very happy with that
Being bearish is not equivalent to being down…Its just a reading of the charts
Waiting for the Turn sounds easy…but the turn is NOT easy to see…there are always fits and drops