Recent content by Cessna06P

FYI Gold and Silver had nice candles today.

Well if this daily candle on /GC doesn't represent a blow off top I don't know what does. We'll be lucky to hold 2000.

It appears legs it has.

Looking at the weekly /gc chart there have been two tests of this level in the last two years, all of which ended in blowoff top candles. This weeks candle looks strong. We will see if it has legs.

Just FYI Gold hits all time high today in $US.

Woke up filled. Oh well.

Short 4523.75. Stop 4526.75. Just for fun.

After hours initial skirmish for 4200.

There is a lot of air under 4300 as stated previously. Today's candle doesn't look good.

Well the daily is a doji. Forgetting everything else and looking at the daily and weekly charts I would expect a medium term rally in this area, alas, outside events may make a substantial intrusion into the status quo very soon.

If Israel goes into Gaza in earnest I expect worldwide chaos.

Well let's see where we open.

We shall see shortly.

Maybe a good thing they got you out. The weekly candle is ugly and as I noted about a month ago there is a lot of air under 4300. And then there is the geopolitical situation this particular weekend. A big gap down is not inconceivable.

Yes 4300 has been quite the magnet lately, can't venture too far from it either way. But the daily is clearly in a downtrend. Personally, I will be surprised if we see 4400 anytime soon.