#Seasonality long for #GOLD
Updated
Each year there is a high value trade that forms after the final Q4 FOMC. Today we have seen big 1 million + blocks on FCX. I believe a follow up move is coming for gold for the strongest time of the year to FEB.
[Forwarded from #DailyEdgeLive]
Stock Blocks
FCX
1,463,000
13.10
[Forwarded from #DailyEdgeLive]
Stock Blocks
FCX1,463,000
13.10
Note
1550-1580 target near the big 618% fib level.Note
Note
GDX strong seasonality begins around now with gold as well, following to mid February. Note
SLV just published a live 1,500,000 block trade. Today is the average seasonal bottom into mid February.
SLV1,500,000
16.30
Note
Big gap up today on silver after yesterday's large 1.5 mil and 700k block buys.Note
1.5 million GDX block buys.Note
Classic Camarilla trading on Year CAM pivots for silver. CAM Year S3 bottom, breakout R4, backtest R3 again with Year VWAP, then rise again. Note
Great run, but it looks like 1600 will be the line in the sand for awhile. $50+ range day on gold with this middle east news.
Find the edge.
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Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: paypal.me/mortdiggiddy
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