UnknownUnicorn10020958

UnknownUnicorn10020958 Updated 

Either way, adding at least "some" longs once we bottom here soon make sense whether we have seen the low or not. If we have, can always double up higher. If not, get to add balance of cash at a lower low. For sure everyone has thrown in the towel at that point, then Rocket

UnknownUnicorn10020958 Updated 

Just throwing this out there as a hypothetical "worst case" scenario for Gold ahead of the mega rally to follow. A break of 1975 likely negates this potential. Not ruling anything out. Certainly jives with the idea that we don't see any new stimulus until after the elections. The next few weeks will test what it will take for Powell to turn up the speed on the...

UnknownUnicorn10020958 Updated 

Next week brings the long-awaited September FOMC meeting. What is said and what is unsaid will have significant impacts on the short-term direction of COMEX gold and silver prices, so let's take some time today to speculate upon what may be coming. And "speculate" is precisely what we will do today, as there is no one anywhere who can accurately predict what the...

UnknownUnicorn10020958 Updated 

The Presidential election between Joe Biden and Donald Trump will officially take place on November 3rd. However, many people are speculating that the results will not be known that day. This is due to the fact that more people are expected to take part in "mail-in voting” than at any other time in history. Many believe that this will lead to ungodly amounts of...

UnknownUnicorn10020958 Updated 

Analysing markets to determine where they’re headed is all about probabilities. Anyone who says with 100% certainty that a market is going up or down is being dishonest. But, the probabilities for potential outcomes can be judged based on prevailing information, multiple toolsets and sources, and a tried and tested process. With this in mind, there are two primary...

UnknownUnicorn10020958

A break of current Uptrend Channel is the first sign of real trouble. We break thru the 1860 support and strap in for the drop.

UnknownUnicorn10020958 Updated 

It is our belief that Gold will initiate another upside measured move, quite likely in correlation with a weaker US Dollar, that will target the $2,160 level next. After that level is reached, a brief pause in price will happen before another upside measured move will target the $2,400 level. This upside move is likely to happen before the end of January 2021....

UnknownUnicorn10020958 Updated 

We still waiting this triangle to breakout. I personally looking for Long-Buying entry once it break upper line and pullback. This thing still have room to move to 2100 area or even higher before making dramatic retracement.

UnknownUnicorn10020958

Let see how far this journey can last for.. Ofcoz, Till Forever !

UnknownUnicorn10020958

We still holding strong bullish trend, but if it get out the track, this will happen. Below 1750 high risk down to 1400s for worse case.

UnknownUnicorn10020958

We probly will see pullback at least to 1825

UnknownUnicorn10020958

Current chart

UnknownUnicorn10020958

Gold Last Leg Up before correction. History repeat itself. We probly will see bearish until 1778 ~ 1765 area before we push up again.

UnknownUnicorn10020958

Is this turning point to short-term Correction ?

UnknownUnicorn10020958

Massive amounts of liquidity from both fiscal and monetary stimulus have driven stocks, bonds, commodities, and precious metals higher since the crash in March. Since then, the Fed has cut its liquidity by 75% in terms of Treasury bond purchases to $250 billion a month versus the prior run-rate of $1 trillion.

UnknownUnicorn10020958 Updated 

As we can see at ATH 2011, RSI top at 88`s. Currently price above 2011 major Resistance. Gold have room to push to 2100 if we get at least same as 2011 bullish power, imho.