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str8_chuter

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str8_chuter

Re: GoGold post# 13000

Thursday, 08/23/2018 2:59:15 PM

Thursday, August 23, 2018 2:59:15 PM

Post# of 13237
GG,

You're welcome. Just sharing some observations. Hope they're helpful to you or anyone perusing this board.

$GOLD not only being rejected by the 1200 level, looks like it's being repelled today at the 9-day MA. Very weak.

Suppose we shouldn't be surprised. Saw quite a few headlines in the past week citing high level of gold short positioning and then using this as a premise for a "turnaround in gold dead ahead".
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