Friday, October 19, 2018 4:25:37 PM
I actually like the fact that gold cooled-off this week. Today it closed slightly over 100 DMA but that's not a strong signal. IF we can get spot above $1230 "out of the gate next week" then all should be fine IMO.
Also, as you said, not many people consider the latest drop to be a bear trap. Here's the chart with the LT trend lines that I consider important:
I have not updated them for almost a year. It seems from it that gold is trying to get back to its uptrend.
BTW: I like that we can quarrel here and get our emotions out but still continue to argue like adult people.
There's only one way to fight a troll - IGNORE!
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