AI
Tuesday, October 13, 2015 4:23:42 PM
Monthly Dollar & Spot Gold charts:
I think spot gold will run once it breaks 1168 tonight. Chinese data should be crappy along with Q3 (and soon, Q4) earnings
Dollar about to be "down for the count" as Peter Schiff put it.
Edit: Hitting 1168 as I type this... large wall there over 100 contracts showing. My guess is that savvy traders have been using the resistance to accumulate a major long position and they will plow through any resistance when they are ready.
Edit 2: Wow it just popped to 1168.6 for a second
BAA
I think spot gold will run once it breaks 1168 tonight. Chinese data should be crappy along with Q3 (and soon, Q4) earnings
Dollar about to be "down for the count" as Peter Schiff put it.
Edit: Hitting 1168 as I type this... large wall there over 100 contracts showing. My guess is that savvy traders have been using the resistance to accumulate a major long position and they will plow through any resistance when they are ready.
Edit 2: Wow it just popped to 1168.6 for a second
BAA
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