yes everything selling off, but I've overall been bearish on
gold well before this, weeks ago.
gold was 1.3X above it's 200 day MA 30% above it in early Aug.
That was very extreme and when I looked over the stats, every time
something like that happened you had a longer correction that took
price to the 200 day MA or below before it was bottomed. That's why
I didn't trust any bounce attempt the last couple months and
treated them as trade
i get it and i said a month ago i thought we test and break lows
but i also think we will see over 2000 when we get thru all this
BS. we will have to spend more helicopter money. i will be adding
to my IAU ans SLV . Didnt you say you working on a GLD system ? Be
great to follow that . other systems are working more on long side
but very well. plus u also hav a good sense on the mkt comes from
doing this all these years why i am in here ....
yes everything selling off, but
gold nice to see this sell off
Posted by matt on 28th of Oct 2020 at 11:18 am
yes everything selling off, but I've overall been bearish on gold well before this, weeks ago.
gold was 1.3X above it's 200 day MA 30% above it in early Aug. That was very extreme and when I looked over the stats, every time something like that happened you had a longer correction that took price to the 200 day MA or below before it was bottomed. That's why I didn't trust any bounce attempt the last couple months and treated them as trade
i get it and i
Posted by RP on 28th of Oct 2020 at 11:24 am
i get it and i said a month ago i thought we test and break lows but i also think we will see over 2000 when we get thru all this BS. we will have to spend more helicopter money. i will be adding to my IAU ans SLV . Didnt you say you working on a GLD system ? Be great to follow that . other systems are working more on long side but very well. plus u also hav a good sense on the mkt comes from doing this all these years why i am in here ....
I haven't been working on
Posted by matt on 28th of Oct 2020 at 11:39 am
I haven't been working on a GLD system, I may one day. only have so much time to devote to things like that as you know.