i believe gold has strong support of $1877 arena barring any fundamental News Drama that might be given from the little fed man he might toot on his horn ???? i am very bullish on Gold right now it will most likely have some pull back pre market on the morrow until just after opening the currencies will be manipulated to govern the price of gold down then the price of gold should cat bounce toward the $1885 price level if it breaches this price point then we shall see $1905 - 1906 very quickly then consolidate for its next move up. This is all short term outlook for (((Gold))) :-)))). i do have some longer term outlooks for Gold's price action i usually just take one day at i time it allows me to focus in on any day trading opportunities that might arise during the trading day. ( For anybody that might believe in shorting this market this week i say (trade short at your on peril) :-((( it could rip your face off don't do it , this is the reason i do not tell traders too much in advance they usually get hurt from to much info ???) :-)))) As always fruifull & prosperous trading Megalo> one more little tid bit my fellow traders if you bought Gold long & held until first part of Feb. you would outperform better than the dow, sP, nasdaq ... put together and do better the 85% of retail traders :-))) i'll be updating this week when it is sensitive to our trading positions whither its favorable for my prognosticated forecast or not if i have completely missed the mark i do not seek or ask anything for my ideas just like i have since day one 100 charts hinder ??? i have not done a analysis on my chart record score card but i would bet, it would run from the 86% 95% percentile in accuracy on the whole. :-)) i would be willing to put it up against anybody's first 100 Chart's on the trading view. :-)))
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Gold is moving up Sunday evening 7 pm Sunday evening :-))
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MEGALO1 We should see a pull back within next 8hrs. or so, some selling off will pursue then a spring board action to retest the $1900 arena then Kaboom-Shaka-Laaka moment retest the $1906 consiladate too retest of $1960 on the morrow late afternoon to the following morn. bullish :-)))
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GALO1 4 minutes ago :-))) most intelligent charting i'm thinking the same Retrace of Gold's 7 dma $1857 arena is exactly what is needed for the Kinetic energy that would allow gold to spring-board back to a bullish trend once again great work > Megalo
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MEGALO1 A moon shot is very feasible within next 36hrs to close short trading week bullish Chart Snapshot
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:-))) most intelligent charting i'm thinking the same Retrace of Gold's 7 dma $1857 arena is exactly what is needed for the Kinetic energy that would allow gold to spring-board back to a bullish trend once again great work > Megalo
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A moon shot is still in reach for early Tuesday morn. a window will open and shut almost in a blink of an eye :-)))
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Yes we say that pull i prognosticated 15 hrs . earlier & nice little bounce back up toward my moon shot that i had predicted for over a week is a likely case scenario :-)))
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Saw that pull back that i predicted :-)))))
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A fresh perspective a CnH inside a CnH how strong is that ???
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@MEGALO1 wrote: My Gold chart just exuberates power Chart Snapshot A CnH inside a CnH atlas strong Chart Snapshot
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gold is suffering from a manipulated pull back by the evil CB's swapping the Dxy up which in turn delay's Gold's rise so the house dumbocrats vote on a Check increase increase that should of past the first time round but here we are in limbo subjugated under the CB's evil scheming self serving elitist ways :-((((
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MEGALO1 my charts are infused with symbolism's and easy codes & intelligence for everyone to see & Benefit from , all 100 of them all symbols are placed with deliberation not just chaotically placed it is for higher thinKing that i strive for in this chat room it's as simple as my charting is,attempting to derive from something complex to simple E=MC2 does come to my mind :-)))
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Lets make Gold's outlook a little more logical first it's riding along the 50dma like Mr.lluminatus pointed out yesterday. Second point is the SSn will bring a strong bull trend in Gold but a delay in the SSn could cause a opposite effect ??? a) is the delay in this year or the next ??/ b) the trading year is ending this week could have some undesirable consequences to your portfolio
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a chart i created 36hrs ago :-))) think it is very significant to Gold
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i made some supple changes to my gold chart the SSn Senat delaying stimuli signing could be game changer for gold price action we shall know on the morrow ???
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Can you spot the changes simple coded reasoning :-))
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this comment is for my Dxy chart up above. i do believe a gap of 89.8 depicted on my xy chart is to be filled before any significant rise in the xy that would be atop of that tinie- tiny red umbrella i don't control the game just astutely observe the Game
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Yes dxy will decouple from Gold pretty much in the first quater of the new year it will have less less gravity in gold fluctuations all day long no big drop in old yeller today :-) That's why we saw 12,0000 short lots of gold sold in the last two days to clear room for accounting & tax purposes the power players believe Gold is bullish for the first quater' of 2021
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Where gold finished last trading day of year :-)))
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@MEGALO1 wrote: no it's not insanity just another trading day amongst many we will experience in 2021 ((Buy)) the News ((Sell)) the rumor :-))
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The expectation was that 2021 would be a brilliant year for gold. While it may still turn out to be so, the first week of the year had proven excruciating for longs in the yellow metal. :-(( i went short @ $1894 and should hold course until it's logical @ profitable to veer from present direction :-)))
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“There’s speculation that ETF investors are about to abandon the safe-haven trade since the U.S. political situation will see stability with President-elect Biden and as the U.S. begins to speed up their vaccine rollout,” said Craig Erlam, analyst at online broker OANDA. Just like i said in the Gold chat last Thursday & Friday Investors do not need their Golden security Blankets now the Dumbocrats or going to hold our hands @ take care all of needs & worries :-)))
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“Someone big or a hedge fund is abandoning their bet on bullion and that could reverberate further.” :-((( WoW
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i believe less than 1/3 of these so called media propaganda machines pump out @ 1/10th of what i hear Cnn: Cnbc: fox business;abc;nbc you know the propaganda media machine
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yes @ i got two coins too. One with heads on both sides & one with tails on both sides. one must be right which does not help with our trading profits near term what so ever. It is more liken to tea leaf reading yes we Know old Yeller goes up & down but to state the obvious is no help
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MEGALO1 with all our fancy charts we end right back @ square one that's why i keep my charts simple in construct & complex in contnet so it will give us a good chance @ near term profits with solid non Filp-Flopping (((shanna-gains))) yes ((hyphenated)) with intent
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:-)))
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:-)))
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:thinking_face: did you notice the transgression in my two gold charts both presented in daily time frames ;) Both of my Gold charts are already in effect laying out Gold's price movements with laser like precisions light years before other so called self appointed experts & guru's if you got a few good ideas on (((Gold))) i have a few Thousand Excellent ideas of my own. :thinking_face: i present all my charts in simplified format for the novice & expert alike all 100 of them they all loaded with simply codes & riddles to extrapolate the useful & intelligent info i have embedded in each one of the 100 charts in my profile. :shades: Further more they can be used as learning tools on how to trade. These charts of mine depict accurate real time & past as well of probable price movements into the future ;)
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i was talking about the large paragraph above this comment the charts are implying to the my Gold charts for ( Sep. & chart for Oct inclusive) :-))
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Just awaking a virtual new trader in the market :-)))
i think this could be possible but if your going to micro manage then a better move instead of putting a stop loss & only set a SG Stop Gain @ target your risk/reward ratio is still higher on the reward side and the loss is still at only micro levels coffee :-)))
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MEGALO1 i looking for mid $1700's this week anybody with me Chart Snapshot :-))) Ole' Yeller's price might not make it this week butnear term future is quite relative :-))))
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MEGALO1 Yes the New Kids on the Block did hurt my Large short positions i'am about to recoup all my losses today i swing trade PM especially for these kind of nonsensical things that have been projected on the Metal markets from CB's manipulations with higher frequencies in an increasing & alarming pace, for the last (((5))) years :-(((
i posted this in the gold chat room :-)))
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yes Sliver is still suffering from the residual effects of the (short squeezer's ) it should straiten out in the natural course of time .
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MEGALO1 @TraderRadeau wrote: @MEGALO1 is it possible 1825 ? but not before old Yeller has bottom out it has not it could be several hours before this happens fast to react slow to move
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MEGALO1 way back when i read a book stock trading 101 claimed that on cannot call a top or bottom to a market with consistent accuracy and you know they where 100% correct so it baffle me why ppl traders in particularly traders in this chat room or trying to call this bottom before it through when they where wrong about most other calls in the last 5 trading sessions :-)) Megalo>
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MEGALO1 @MEGALO1 wrote: i believe a retrace of 12/20/20 low would be closer to bottom before capitulating some .
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yes i know Dxy is faltering some here and every body & their mommas are saying Gold 's but it won't work out that way in the short to medium just trapping more 's the xy should resume to previous highs to let ole' Yeller Bottom out before moving higher again . :-)) Megalo> posted on Gold chat room this morning.
HEYYY I saw you from the chat so I wanted to ask you that will GOLD be DROP at 1818? or it will rise more
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MEGALO1 @MEGALO1 wrote: yes almost a naked short "without enormous pain there is no monster gains" a brand new quote ceated by Master Doji
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from a daily time scale perspective Ole' Yeller is in a bearish downtrend since 7/7/21 my prognostic conjecture, for gld's price movement near term is it is imperative for it to cycle down to its equilibrium before vaulting higher in the next few weeks in order to build enough momentum to pole vault over the BIGBLUE Trendline with any real conviction. Red dotted line is @ $1665 which i believe is Gld's true equilibrium
Chart Snapshot
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@LukeSkywalker wrote:
now if gold could stop crashing every week that would be great
i also believe Ole Yeller going to retest $1680 for a quadruple Bottom formation next week ??? giving out a solid lead now everybody & their mama's going to be Gld experts after reading this chat Master Doji
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@LukeSkywalker wrote:
now if gold could stop crashing every week that would be great
this is done by design Jeti to frustrate traders from trading Gld those deplorable fedster's & criminal bureaucrats in Washinton + your Banksters on wall street is one monsterist criminal cabal :-((( Master Doji
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@MEGALO1 wrote:
nfp will be the final verdict on Ole Yelller's direction in the marrow 8:30 in the am shall point the way for now ish
Historically Gld does poorly on Friday's for the past two years i'am hoping this time is different, a retest of the $1680 could happen on the morrow after nfp report than blast off
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tonight 8 pm est when the vote for extension of the debt ceiling for $480 billion more until December. This is done strictly as a ploy to quell the markets after all our politicians as well as fed presidents are heavily invested in our markets kind of self serving to say the least
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I think gold will head back up next week. Markets got spooked friday when there was a misrepresentation in the news that one of the democrats would block a 2000 stimulus package by Biden....This statement was corrected by 7pm along with Biden saying he would go through his proposed massive stimulus package next thursday....The news statement initially gave the wrong information......watch the way both gold and Dow Jones turned around and went up after 7pm gmt...The dow got back up quicker than gold however, but I think gold will follow monday. Probably most traders were too worn out and too scared to buy the severe dip in gold at that stage. I bought in again near the bottom.(1840 long)...but I am still crapping myself and hoping it goes up next week....stop loss to entry on the trade before close....hoping for a rise on open tonight........I am taking profits before all NFPs in future....and not buying in until after 5 on NFP days....I think gold will head back up next week, even though everybody is bearish right now...but that is usually when it heads back up...like back at the end of November...everybody crapping themselves.....If we can get over 1850 tonight and even get up to 1870 or 1880 tomorrow I think it will be positive....Head down to 1800 or below and there is something very wrong with this market.....Hedfefund COT data showed they increased their longs on gold as of last tuesday...this could have changed by friday of course..We will know next tuesday. Well done catching the drop......Best of luck....
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:-)) But these are extraordinary times when logic gets tossed out the window.
Treasury yields jumped 3% on Friday and 21% on the week - the most since the week ended Aug 7, when a similar rally in bonds killed gold’s $2,000 plus rally. The yellow metal has never regained its glory since tumbling from the record high of nearly $2,075 that week.