in the very short term it's getting a bit parabolic to the
downside now GDX daily looks like a waterfall, so GDX is getting
rinsed. probably get some sort of temporary trade low
sometime soon, would prefer to see a gap down then reversal i.e.
red to green move, and preferable a doji or hammer.
the 13\35 ema's are in such a strong downtrend in that quarterly
chart that it will take a drastic reversal pattern like a double
bottom to stem the momentum imo
besides the dollar has a ways to go if this pattern is correct -
looks about right to me
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here's one for the gold
Posted by roger on 15th of Aug 2018 at 02:54 pm
here's one for the gold bugs - next year may be your year
https://www.youtube.com/watch?v=7Wzic15m7YQ
Could this be a contrarian
Posted by torvix on 15th of Aug 2018 at 11:43 pm
Could this be a contrarian buy post given the COT situation?
in the very short term
Posted by matt on 15th of Aug 2018 at 03:20 pm
in the very short term it's getting a bit parabolic to the downside now GDX daily looks like a waterfall, so GDX is getting rinsed. probably get some sort of temporary trade low sometime soon, would prefer to see a gap down then reversal i.e. red to green move, and preferable a doji or hammer.
the 13\35 ema's are in
Posted by roger on 15th of Aug 2018 at 03:38 pm
the 13\35 ema's are in such a strong downtrend in that quarterly chart that it will take a drastic reversal pattern like a double bottom to stem the momentum imo
besides the dollar has a ways to go if this pattern is correct - looks about right to me