Gold
Gold just ripped into the top rail of the channel and immediately pulled back. Might go test breakout area if doesn’t break channel.
Gold test this bigger channel eventually.
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POSTING INFORMATION
Hi Schism … so are you awaiting a backtest before going long? It seems the miners were already outperforming the metal in the last few weeks/months … that in it of itself is a good sign. Given GDX closed at $24 tells me next stop is $30+. Thoughts?
I think 28-30 is entirely possible by June 26th as that’s the focal point of my timing for June. Sad part is I levered up on May 23rd as that was my last timing point for miners but I sold on June 6th. Gold might BT from June 26th into July 17th before heading higher into Aug 28th.
https://www.tradingview.com/x/C8bjgvnB/
Nice chart … gonna need your charts around if we are going to max profits in the coming months! I honestly don’t think we need to chase … there will be good pullbacks ahead of us. Hopefully this is just the beginning. We shall see.
Wow….great charts Schism
Both of em
Ty sir….finally some action
We never got that big dip we were hoping for Schism… unless this turns into it… but kinda doubt it.
yep, my expectations were wrong. But no money gets made holding onto expectations. There will be a shit ton of money hitting the sector tomorrow. I believe you can safely be long into the 26th before a pullback.
You’re probably right. Overbought indicators are meaningless when the market goes bat$hit crazy! Good luck!