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albatrosss

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24/11/20

21:37

Post #: 49115137
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Originally posted by pete11: ↑

been reading up the latest technical analysis from posts online, alot of people think the US$1800 level is critical, they say if it drops below US$1800 and stays below for a week or more, than US$1500-US$1600 is very possible, thats brilliant news, thats like an early xmas present if that happens. especially if the AUD$ stays around 72-72cUS, chance to pick up more cheap gold if that happens, so watching the US$1800 is now key i think, they all say LT gold is going to US$2400, but they say if it drops below US$1800 it could stay below for 1yr, thats perfect, gives me another 1yr to accumulate at cheap prices, too bad so many PM dealers close for like 4 weeks over xmas and the new year, thats usually when gold prices dip even more.

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There is a real chance for a big smackdown well below $1800 tonight.
They have been playing it down nice and slow.
But now that the cats out of the bag, accelerated drops might well come.
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