Goldtent TA Paradise

ENOUGH IS ENOUGH

1. Nautilus says:

   May 10, 2022 - 5:15 pm at 5:15 pm

   While we could absolutely bounce and hit that top rail, the downward sloping 50 WMA is a terrible sign. It almost always means it will rendezvous with the 200 wma. Additionally, there is high likelihood that both the 50 and 100 WMAs will both cross below the 200 WMA before this “correction”/slaughter is over with.

   • Fullgoldcrown says:

     May 10, 2022 - 7:32 pm at 7:32 pm

     Maybe but IF It bounces to the top line the 50WMA will flatten out

     Moving averages are derivatives of the Price…ie …they are created by the price…ie they are a result of the price

     Price is NOT created by Moving averages

     IMHO

2. Gold Learner says:

   May 10, 2022 - 8:08 pm at 8:08 pm

   Here’s Norvast’s latest update on silver.
   Could bounce tomorrow or just keep plunging till May 23rd

   https://twitter.com/ColinSt30481392/status/1523908296163299328

   GL

3. pedro_deleon says:

   May 10, 2022 - 8:27 pm at 8:27 pm

   I’ve given my major sell alerts on the sector.
   First in autumn 2020, for a major high. And I haven’t reversed THAT CALL.
   Then a ReSell signal a few weeks ago.
   After having called the prior rally a BMR as it started. Again.

   I won’t be calling the “bullish” squiggles, like one other poster does, time and again.
   And frankly, I don’t know for sure where or when this bottoms, until after it does.
   I will say that my key ALERT INDICATORS for SLV are reading -24 and -58 & Falling.
   These are NOT MAs. The first can move fast, so -24 can flip >0 pretty fast (in June perhaps).
   But -58 and falling is most consistent with a LATE SUMMER BOTTOM, just as I called it before.
   Not gonna play Rip v Winkel here, but it will take something seismic to raise my alert level.