7-days Gold bugs. Seven days to stop price action printing the mother of all Gravestone DOJI's on the 6 month chart. If this candle confirms price action will drop to $900.
Brent Johnson's dollar milkshake theory is becoming more prophecy than prediction with each passing week.
source: www.goingdeepwithaar...odcast/brent-johnson
Action: Does price action close at $1785 by the month end? Then run for the hills like your hair is on fire.
Brent Johnson's dollar milkshake theory is becoming more prophecy than prediction with each passing week.
source: www.goingdeepwithaar...odcast/brent-johnson
Action: Does price action close at $1785 by the month end? Then run for the hills like your hair is on fire.
Giao dịch đang hoạt động:
6-month Gravestone DOIJ confirmed.
Bình luận:
Down 7%, a whole lot more to come. Isn't the FED great?
Bình luận:
Relief rally to $1820 area, then continuation of downtrend
Giao dịch đang hoạt động:
Back at resistance. And so many are bullish on the shiny metal.
A reminder. On the 6-month chart below:
1) Macro bearish divergence
2) Gravestone DOJI
3) Stochastic RSI rotates down 80.
On point number 3, look left left (red circles). A 45% correction followed. The door to $1100 is wide open.
A reminder. On the 6-month chart below:
1) Macro bearish divergence
2) Gravestone DOJI
3) Stochastic RSI rotates down 80.
On point number 3, look left left (red circles). A 45% correction followed. The door to $1100 is wide open.
Bình luận:
Price action has now returned to resistance on the 2-week.
Giao dịch đang hoạt động:
Weekly support has failed.
This is no time to be bullish on gold, take the emotions elsewhere.
This is no time to be bullish on gold, take the emotions elsewhere.
Bình luận:
The cup has all but printed on the monthly. Now is the time of the handle print that will take price action down to 1500 and below.
Giao dịch đang hoạt động:
A new month a new 2-month candle. With this new candle (Sep-Oct) the number of negative divergencies confirm. 7. SEVEN oscillators print negative divergence with price action over an extended period. The first time in price action history.
Don't shoot the messenger ;-)
2-month
Don't shoot the messenger ;-)
2-month
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
My real concern is what should happen if the upper channel resistance is broken and confirmed as support? We're going to see something we've never seen before and it'll not be pretty for the Gold bugs.
Something else to consider about the $900 level, this is the current labour price per ounce to remove from the ground. Why would you pay double? People do in the hope of higher future prices. It's a trap.