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Gold & Silver in a LT rally

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Well, would you just look at that 😘

 

Spot Silver_20200804_17.58.png

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Looking right canny for gold too, Jasmine 🤑

 

Spot Gold_20200805_12.55.png

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Posted (edited)

Oh Eileen, oh Peregrin Took, oh Samwise Gamgee :(

 

Spot Silver_20200811_18.18.png

 

 

giphy.webp?cid=ecf05e47m9rjl3vqfzanjcjha

Edited by dmedin

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8 hours ago, elle said:

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could you elaborate that box please? is that the good range of gold?

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2 hours ago, Mohineesh said:

could you elaborate that box please? is that the good range of gold?

it was the previous high range for gold

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9 hours ago, elle said:

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so, back to test the main rising channel

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2 hours ago, elle said:

so, back to test the main rising channel

Capture g1.PNG

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perfect retest of the main rising channel

Capture gdx.PNG

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That's the reason for the plunge

Gann said "When Time and Price balance, the trend is over" 

Now on my to do list is to identify the Time Cycles for Gold - I ideally need about 100+ years of freely traded price data - thats not available so it'll have to be a best of a bad job thing

I've cracked the USA stock market, I'll have Gold as close as I can by the end of this year - until that time I can't say with confidence that this is a temp blip or end of the trend up

See how it pans out- if its coming down the 1 x 2 (RED) would be my target initially

Pink lines are Ganns 1 x 1 angle

 

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Come on now, canny loon, hang on in there.

 

Spot Gold_20200812_16.10.png

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Ah, what is this pattern we see on the hourly chart with our powers of hindsight :D

829166368_SpotGold_20200819_09_32.thumb.png.57aea2c90288bba7470ee505338d6072.png

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Gearing up for another thrust, Eileen? 🤓

 

Spot Silver_20200819_13.46.png

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Are you gearing up for a new thrust higher, Josephine? 🤓

 

Spot Gold_20200824_09.23.png

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Posted (edited)

A pair of canny loons 😻

 

Spot Gold_20200826_18.26.png

 

Spot Silver_20200826_18.26.png

Edited by dmedin

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