Soros goes bearish on stocks - bullish on gold.

eganon69 said:
I would disagree. It's making higher highs and higher lows from recent lows of $1046. It is also trading in an upward channel and nearly every indicator and signal shows its formed/forming a new uptrend on multiple timeframes and on increased volume.
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Maybe if lok on techncial daily pattern still gold on uptrend pattern wave two week already gold figure out bullsh trend but not yet reach higher previous daily candle
 
Its probably to set a tone and they are quietly loading up on treasuries like the rest of the world.
I guess we do trade what we believe.
 
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radex78 said:
Maybe if lok on techncial daily pattern still gold on uptrend pattern wave two week already gold figure out bullsh trend but not yet reach higher previous daily candle
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Ok. Again trade what you believe. But I have been making money on long gold position. It's not only the daily charts but the weekly charts. Here is a simple chart showing the new (In my opinion) uptrend in Gold. The chart shows Gold above 50 WEEK EMA, above the zero line on MACD, and above its broken resistance down trend line shown in blue. Lastly, notice the volume is the HIGHEST it has ever been in June and we are only 10 days into June. So the premise that volume is always high this time of year as mentioned by another post above is simply overlooking the obvious buying pressure noted over the last several months.
 
eganon69 said:
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Ok. Again trade what you believe. But I have been making money on long gold position. It's not only the daily charts but the weekly charts. Here is a simple chart showing the new (In my opinion) uptrend in Gold. The chart shows Gold above 50 WEEK EMA, above the zero line on MACD, and above its broken resistance down trend line shown in blue. Lastly, notice the volume is the HIGHEST it has ever been in June and we are only 10 days into June. So the premise that volume is always high this time of year as mentioned by another post above is simply overlooking the obvious buying pressure noted over the last several months.
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So still possible on gold still continue uptrend with prediction, looking on monthly timeframe, previous candle figure out bear candle, but weekly still bullish pressure, and I am also still hope still reached break high previous higher daily
 
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