Goldtent TA Paradise

Golds Coming Move

1. KenS says:

   July 20, 2018 - 10:50 am at 10:50 am

   Thanks Northstar. Good info.

2. Northstar says:

   July 20, 2018 - 11:27 am at 11:27 am

   No problem. Whether you’re long term bullish or bearish, it looks like this is a very good entry point for a tradable rally. Everyone should do their own research first of course 😉

3. DaveintheUK says:

   July 20, 2018 - 4:52 pm at 4:52 pm

   There appears to be a painfully large number of recent peaks in the 1350s to overcome.

4. DaveintheUK says:

   July 20, 2018 - 4:57 pm at 4:57 pm

   If you go back to a couple of weeks ago, it looked like a tradeable rally was starting:

   https://1.bp.blogspot.com/-wLj_yhmHD00/W0EEvgFk40I/AAAAAAAABsQ/vwjeJsgjA7AcMj2OYJXGx_6YRniwA0yJwCLcBGAs/s1600/gold%2Blineinthesand%2B1230.png

   Just sayin’. It fell out of bed. I wonder how far it’s falling out of bed. Has it finished. If I was trading I would probably have a go with a tight stop and get stopped out and then it would soar.

   • Northstar says:

     July 20, 2018 - 5:30 pm at 5:30 pm

     Dave, if you’ve been following Norvasts posts, he had it totally nailed, warning the drop wasn’t done. His study of the shorter timescale cycles and behaviour of Australian miners gave strong signals that there was further for gold to drop.

     • norvast says:

       July 20, 2018 - 11:04 pm at 11:04 pm

       Thank you Northstar – much appreciated.

       After the bashing cycle analysts have been getting through this move into an ICL it is very pleasing to hear someone has actually been listening.

       There has been capitulation selling in most of the AUS miners over the last few days and some have had failed daily cycles, so they are very close to hosting DCL’s.

       The AUD appears to have hosted an ICL on 02 Jul although I want further confirmation.

       The Swiss Franc CHF appears to have hosted a DCL on 13 Jul and is moving higher.

       If 19 Jul is the ICL for gold, and I expect it is, then the next likely issue is the FOMC meeting 31 Jul-01 Aug which may come as a HCH (half cycle high) (normally around 13-16 calendar days after the ICL) followed by a half cycle correction.

       There are a couple of AUS miners (including my favourite NST.AX) which give the impression they may not host a DCL until early Aug after the half cycle correction for gold is complete.

       The USD has hosted a DCH on calendar day 10 and should now go on to print a failed left translated daily cycle into an ICL around 20 Aug or week 26-27

       Remember that just like in an advancing daily cycle there is a half cycle correction, there is often a half cycle bounce in a declining daily cycle which at around 21-26 calendar days from the USD DCL (09 Jul) = FOMC meeting.

       Once again thanks for the above comments and keep up all your very fine work.

       • Northstar says:

         July 21, 2018 - 3:05 am at 3:05 am

         Will do Norvast, and thanks again. The correction around FOMC would be good timing. There are so many threads to tie together, but your AUS miner, currency and Gold work lately has been amazing. Without an understanding of the cycles, people must be scratching their heads wondering whats going on.

5. Marcusjames says:

   July 21, 2018 - 2:40 am at 2:40 am

   The dollar is not going anywhere but up. That speaks for itself.

   • Northstar says:

     July 21, 2018 - 3:00 am at 3:00 am

     Could you post some supporting chart evidence Marcus ? Thanks.