ridethepig | Gold Market Commentary 2020.11.19
📌 Gold Market Commentary 2020.11.19
Even the vaccine could not stop the second wave; here the theme appears to put an epic level of pressure on risk, with a whole series of stimulus and apparently senseless prevention moves from government causing bankruptcies and agricultural shortages in all directions.
In the flows here we are tracking buyers holding up the range chain which has yet to be broken and if we can get back to the highs of the range like I think we can before the week closes it will be very telling of what is coming next week. My models are sending loud alarms of panic to come next week across the board, these are the same models which called the move back in 2019:
Many are considering the vaccine to clear the board for risk and merely back to normal for Christmas, take advantage of naivety which makes possible the break higher back towards $1,900. A very positional play, which should be played in every case as the bang for our buck at the bottom of the range allows.
Thanks all for keeping the feedback coming 👍 or 👎
Even the vaccine could not stop the second wave; here the theme appears to put an epic level of pressure on risk, with a whole series of stimulus and apparently senseless prevention moves from government causing bankruptcies and agricultural shortages in all directions.
In the flows here we are tracking buyers holding up the range chain which has yet to be broken and if we can get back to the highs of the range like I think we can before the week closes it will be very telling of what is coming next week. My models are sending loud alarms of panic to come next week across the board, these are the same models which called the move back in 2019:
Many are considering the vaccine to clear the board for risk and merely back to normal for Christmas, take advantage of naivety which makes possible the break higher back towards $1,900. A very positional play, which should be played in every case as the bang for our buck at the bottom of the range allows.
Thanks all for keeping the feedback coming 👍 or 👎
Kommentera:
Not really as clean as I would have liked given the angle of our downward slope.. smells like something is cooking to the downside, a quick test of $1,800?
Kommentera:
Kommentera:
On the MT swing we still have the pending test:
Kommentera:
Looks a lot better now... let's see if we can get the weekly closing above $1872.
