Gold gets it's mojo back, page-9

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Thundermental

484 Posts.

31

02/04/16

11:52

Post #: 17406928
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Originally posted by tomboy ↑

What no thumbs up, no thanks for warning you all of this SP drop?

I told you all at 33c-38c above this triple top range of 28-33c that it looked terrible and stay away until a defined bottom pattern formed as its going lower.

I was spot on.

Todays daily chart is a bearish red dragonfly doji or pick hammer, and at 29-31c thats very dangerous as its not far from the 28c shoulder and then the 20-25c arm drop.
monthly rounding top pattern is bearish, barchart.com is bearish
annual chart shows a head and shoulders pattern formed bearish.

28c-30c is a serious battleground area and if it doesnt hold 20-25c looks possible.

Interestingly this CEXT Insto buyer keeps buying at any price just like since 22c so wants volume, likely wants to build a stake at a cheaper SP too.

At the triple top point since Jan 2015 bets to stay away unless you are shorting until a defined flatline on low volume appears somewhere 20-30c.

I cant see another GP rally till December when Trump wins the US Presidency and starts his austerity, trade wars with a serious devaluation of the US$.

If I was right 4 out of 5 times (I didnt pick the spike from 33c to 38c), i may be right again from here.
Sorry.
With Goldies, you have to trade them up and down or lose.

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In the past you couldn't be found until we had a good day, and today you reappear when we have a down trot. Hard to take you seriously. Holding NST over the last year hasn't caused anyone any pain.

SLR Price at posting: 29.5¢ Sentiment: Hold Disclosure: Held
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