Which way? A Gold Timing exercise

[themickey]

Agree. I expect 1900 within 5 days.

My call, nothing happening much until December.

 

[fan27]

Looking good here. Going to add some more to my position.

 

[themickey]

Looking good here. Going to add some more to my position.
View attachment 271396

Gold only looks good when its hot.

 

[Nine_Ender]

It's option expiry but Gold/Silver miner price action today is very disappointing given the amount of bad news out there this morning. Monday's normally pretty decent for Gold so I would hope to see better things then but jesus people pull away from these stocks really easily,

 

[themickey]

.....I think gold is possibly setting itself up for a bullish move - possibly - but right now this move we have just seen is not it, expect some more gold price softening, eg don't expect tomorrow will be a strong upmove/breakout.

.....I'm expecting we'll see a pullback sooner rather than later, down to ~1800.....

So when I started this thread November 5th, my observation at the time, the new rally had no conviction and Nov 11th expecting a pullback to ~1800.

I'll next try and call the bottom of this current retrace, today Tuesday 23 Nov it may begin to turn a corner, tad too early to say atm, I'll await today's close, that will give a better idea.

 

[themickey]

 

[themickey]

.......I'll await today's close, that will give a better idea.

No letup in this current downer, prolly a few more tears.

 

[easymon1]

Minahs, Nov 22...

 

[themickey]

A nondescript day for gold, narrow range indecision, majority of gold stocks gapped down but closed above their open.
Using superficial TA and gut feel, gold may be at a turning point as it's close to support but I wouldn't count on it due to the nature of this animal.

 

[Handle123]

Took automation a number of tries of selling near the top in 2020 in Gold futures for very long term and added 4 times in which still in them deep pullbacks. So doing bear spreads, selling call spreads. Can't reverse till under 1300. Have made first targets three times of 10k, holding over 90% of position till reverse, Do have many rollovers, but best game in town.

For me Gold trades very much like soybeans intraday, it odd on chart patterns but H&S works ok, like selling in early June made over 100.00 in short time.

Hope all have a wonderful Thanksgiving, will sneak in some turkey while I do stats. Never a dull moment.