3309 Drysdale Ct
Edwardsville, IL 62025
Gold spot touched 100 DMA (Displaced MA) at 2540, and is bouncing off it. In the past, 100 DMA has provided support since Oct 2023.
Very good call and an 18 buck pop already.
For today , 2541 is a sell stop and 2586 is a buy stop, according to Jim Wyckoff (that one!) on gold futures: https://www.kitco.com/opinion/2024-11-14/where-are-stops-thursday-november-14-gold-and-silver. 2580 is the minimal buy stop to go long, based on tickbar charts.
I still expect 2528 by the end of the week, which should be a bottom (38% Fib).
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Gold spot touched 100 DMA
Posted by junkie on 14th of Nov 2024 at 08:57 am
Gold spot touched 100 DMA (Displaced MA) at 2540, and is bouncing off it. In the past, 100 DMA has provided support since Oct 2023.
Very good call and an
Posted by rbreese on 14th of Nov 2024 at 09:20 am
Very good call and an 18 buck pop already.
For today , 2541 is
Posted by junkie on 14th of Nov 2024 at 09:33 am
For today , 2541 is a sell stop and 2586 is a buy stop, according to Jim Wyckoff (that one!) on gold futures: https://www.kitco.com/opinion/2024-11-14/where-are-stops-thursday-november-14-gold-and-silver. 2580 is the minimal buy stop to go long, based on tickbar charts.
I still expect 2528 by the end of the week, which should be a bottom (38% Fib).