Which way? A Gold Timing exercise

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1.5 years is a long time to wait whilst watching paint dry.
Above is gold monthly chart, once above 2000 I think it will then get a march on.

Everything has its day in the sun, right now NG is jumping, but it pays to get in early, not when the party is at its height and ready to close down for the night.

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Crypto will have to wait its turn. :)
 
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Weekly chart.

Gold doing what it does best, knocking out stops then suddenly reversing.
1891.8 was the low on futures today so far.
Expect a bounce to begin anytime from now.
 
Today - Gold, silver, metals, mining, mkt, crypto, EVERYTHING on the skids, the whole shebang.
Even energy looked burnt out.
No survivors other than shorts.
Sectors tracking above MA200 are some metals/mining, energy, agriculture.
 
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themickey said:
Today - Gold, silver, metals, mining, mkt, crypto, EVERYTHING on the skids, the whole shebang.
Even energy looked burnt out.
No survivors other than shorts.
Sectors tracking above MA200 are some metals/mining, energy, agriculture.
More...

Cdn Energy doing fine today relative strength is quite strong. Gold may go up tomorrow on the volatility I'm hoping to unload my miners again they suck as holds. Over an extended period of time I've almost never been disappointed by my energy stocks and frequently disappointed by my periodic mining purchases. Seriously Gold at $1907 and the stocks really suck.
 
Nine_Ender said:
Cdn Energy doing fine today relative strength is quite strong. Gold may go up tomorrow on the volatility I'm hoping to unload my miners again they suck as holds. Over an extended period of time I've almost never been disappointed by my energy stocks and frequently disappointed by my periodic mining purchases. Seriously Gold at $1907 and the stocks really suck.
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I find nibbling in helps alot, at every correction, nibble a bit here, nibble a bit there.
Lithium makes for a good mkt bellwether.
As for gold, always difficult with its histrionic disorder.
 
That's one way to look at it.

Another is that price today made a new 50 calendar day low and was down intraday -9.62% from March 8th high. Or IOW a sneeze away from correction territory
 
SunTrader said:
That's one way to look at it.

Another is that price today made a new 50 calendar day low and was down intraday -9.62% from March 8th high. Or IOW a sneeze away from correction territory
More...

Ask ten traders what they see in a chart and you'll probably get ten different answers. :D
 
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