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Now all this impeachment talk. Im thinking a big gain is coming
I wonder if what's happening in Hong Kong right now will shoot gold up
Id imagine a bounce here after numbers in an hour if they are as predicted
Head fake. Too bad. Still sidelined for a bit
So sad. Staying sidelined for sure until support is confirmed
Bounce off the 50 today would be a buy signal for this guy
From a technical standpoint gold was surely heading to test $1450. This trade war is what will determine its movement. Closing where it did was huge though. If it can move above $1525 and nugt close a day above the 50 ma then im back in until $44. It'll move higher from there. Let's see what next week brings
Gold up $10, nugt not even up 1%. Wow
I think big banks consider it a level playing field. Other countries are doing it, Europe is doing qe. They must consider it to be proactive and will ride the wave
Gold about to slowly lose all its gains over the next month or two
Still heading further south
Wednesday
Sad. Chart looks horrible. Will continue to drop until minutes next week then a bounce. Will eventually lose all gains.
Im not touching this. Should hit the $1450ish range before US announces rate cut. If that doesn't hold for some reason...run
Yup. Gold now up $19 from yesterday where nugt was $33.51. Currently at $34. Get out your rape whistle. Absolutely insane
Nugt hit $33.51 yesterday with gold at $1497
Nugt currently at 33.75$ with gold at $1510. Haha
Nah. Resetting. Down she continues
Could see another nasty drop soon down to $27.5. Rsi would be 30. Gold heading to $1450ish range
https://www.google.com/amp/s/www.cnbc.com/amp/2019/09/11/us-china-trade-war-beijing-releases-tariffs-exemption-list.html
No. Only thing to do that again is a trump tweet or an interest rate cut. Even the cut won't have a long term effect. Typical jump then back down
All analysts agreeing, massive pullback coming. Makes sense too
Your personal opinion has no bearing on the movement of gold, a countries decision to do something, our president, etc. Understand what is, play it n make money. I think a small uptick for gold tomorrow and then back down
China gonna fold here soon and gold will collapse. Was the only catalyst. National debt debt means nothing. Paper is printable. Been happening for over a 100 years.
Moment of truth here. Let's see if the run was legit or orchestrated. Economic data isn't bad overall. I think it continues south unless trump gives one of his classic scare tweets. Too big of a pullback at this point
I hear ya. Never matters what is. Just trade the gossip. Right now it's trump being best friends w China. Ha it's all sad but is what it is
Jmo but i think the run is over. They'll use non farm as an excuse here in 10 minutes for $1500 to fall. All economic numbers have been strong and they'll use the tariff discussion next month as a catalyst to stop the gold run for a month with a drop to $1450
If non farm numbers are good and $1500 falls then im out taking a small loss. All indexes are setting up to run again
Exactly what was needed if $1500 holds. Gold chart will look great. Nugt will come close to touching the 50 and bounce imo. Only thing mentioned yesterday for the drop is talks are back on the table for tariff agreements. Not for a while. Meantime interest rate cuts will happen
Back in $38.4
Very ugly
Support broke. Time to watch for reentry. Could get ugly
Gold needs to bounce off $1538 to solidify this $1550 break or its back down to $1500.
$1550 break... clockwork
I think the US had the upper hand today driving it up to $1550 based off ism numbers and won't be chasing too much when it breaks this week. Fed will lower rates again. Getting gold to the number they want before the announcement
Gold up $25, nugt up 5.5%...hmm
Getting in on the next pullback. $1550 looks to break
Nugt doesn't care about the price of gold today
Anyone know why the huge dump right now?