Gold Spot / U.S. DollarUpdated Big move in gold during 3rd quater 2019
The recent down move in gold is showing support earlier than expected. Looking further out we see a trend from 2015 providing support several times recently and seems to be what is holding us up currently.
From this point we might be walking into the next multi year bull run if this holds. If this doesn't hold we are going much lower.
From this point we might be walking into the next multi year bull run if this holds. If this doesn't hold we are going much lower.
Note
I am looking for a price below 1260 before taking on a long trade.Note
The next gold trade is shaping up nicely. I will look for downward pressure in equities to confirm a long trade.Note
blow off top is now taking shape in equities which brings me to lower my buy price to 1220, I also have a better chart to follow nowNote
Note
took profit on silver and gold , waiting for a pull backNote
There might not even be a pull back. I have been re-entering market below 1500 with trailing stops.Note
Buying opportunity coming sometime in the next 3-4 months, end of December beginning of January have been some great buying opportunities in the past.Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.