DrStool Posted August 4, 2020 Report Share Posted August 4, 2020 That's the latest 5 day cycle projection. But there's a little matter of round number resistance to be handled. Also, hourly indicators are on the sell side with a negative divergence since yesterday. If we get an hourly close below 3282, I might buy some weekly SPY puts for a little joyride. I'm not saying that you should. I'm just saying that for my own self flaggelation. Link to comment Share on other sites More sharing options...
jp6 Posted August 4, 2020 Report Share Posted August 4, 2020 During Y2K Bubble era. After doing some home work during the Weekend. There was Monday erection. Now they are having regrets. Link to comment Share on other sites More sharing options...
PullMyFinger Posted August 4, 2020 Report Share Posted August 4, 2020 Quieter around here last couple of days than watching an old married couple at breakfast in a restaurant struggling to find something to say to each other . . . Is it just the relentless grind up that has worn everyone out, or has complacency crept in everywhere? At least for me the tradable moves seem to be in the day futures session of late, rather than at night for us still stuck in the U.S. Link to comment Share on other sites More sharing options...
DrStool Posted August 4, 2020 Author Report Share Posted August 4, 2020 Hourly indicators go to buy side starting at the zero line. Usually means a big move. Link to comment Share on other sites More sharing options...
DrStool Posted August 4, 2020 Author Report Share Posted August 4, 2020 The grind. It's awful. The Fed is metering the drip line perfectly. Link to comment Share on other sites More sharing options...
aussiebear Posted August 4, 2020 Report Share Posted August 4, 2020 Link to comment Share on other sites More sharing options...
aussiebear Posted August 4, 2020 Report Share Posted August 4, 2020 Link to comment Share on other sites More sharing options...
DrStool Posted August 4, 2020 Author Report Share Posted August 4, 2020 5 day cycle projection still 3330. Link to comment Share on other sites More sharing options...
SiP Posted August 4, 2020 Report Share Posted August 4, 2020 What gold is doing and silver, its just amazing. Completely overbought, and it keep moving higher! Link to comment Share on other sites More sharing options...
specie Posted August 4, 2020 Report Share Posted August 4, 2020 atleastfortynineyearsofcentralbanksuppressionending Link to comment Share on other sites More sharing options...
fxfox Posted August 4, 2020 Report Share Posted August 4, 2020 44 minutes ago, SiP said: What gold is doing and silver, its just amazing. Completely overbought, and it keep moving higher! Buying panic and a sign that there are big players who buy hand over fist at any cost. There were 2 psycho barriers, the 2011 ATH and big psycho number 2000. Both broken. So that‘s a complete sentiment switch. Even those who hate Gold gonna buy some now. Don‘t forget: The media hasn‘t really discovered it yet. Gold didnt really get hyped yet. IF it is gonna hyped like Nasdaq stocks - which is not completely unlikely - it will hit 5000 by Christmas. Link to comment Share on other sites More sharing options...
jp6 Posted August 4, 2020 Report Share Posted August 4, 2020 9 minutes ago, fxfox said: Buying panic and a sign that there are big players who buy hand over fist at any cost. There were 2 psycho barriers, the 2011 ATH and big psycho number 2000. Both broken. So that‘s a complete sentiment switch. Even those who hate Gold gonna buy some now. Don‘t forget: The media hasn‘t really discovered it yet. Gold didnt really get hyped yet. IF it is gonna hyped like Nasdaq stocks - which is not completely unlikely - it will hit 5000 by Christmas. OMG. You are making me worried. Then again Gold Forum is dead. Only Gold Bull in Bearish Forum Link to comment Share on other sites More sharing options...
DrStool Posted August 4, 2020 Author Report Share Posted August 4, 2020 Bang it at the bell. Link to comment Share on other sites More sharing options...
MisFit Kid Posted August 4, 2020 Report Share Posted August 4, 2020 had to push it over 3300.....at any cost, all for free...... Link to comment Share on other sites More sharing options...
fxfox Posted August 4, 2020 Report Share Posted August 4, 2020 5 minutes ago, jp6 said: OMG. You are making me worried. Then again Gold Forum is dead. Only Gold Bull in Bearish Forum In my view, Gold is not a part of the portfolios of most people. Imagine what happens if there will be a mental shift and most start to add Gold so that they have at least a 5 or 10% exposure to Gold in their portfolio. we may have also the wrong reference: we look at 2000 and say „oh Gold was at 280 then now it is 2000, so it already went up quite a lot“. Let‘s assume that POG in the year was just idiotically low, it almost wasn‘t there as an asset class anymore, NO ONE had Gold. If I remember correctly the POG didn‘t even appear on many tickers in the media. So let‘s say 1000 is a realistic starting point. Then it just did double in price. Is that a lot in a time where CB‘s print like madman, where we have a pandemic, which doesn‘t seem to end and so forth? If I‘d be long Gold I never ever would it sell here for a trade. Just let it ride and see what happens. Link to comment Share on other sites More sharing options...
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