AI
Monday, April 15, 2019 8:53:27 AM
Spot Gold reaching critical point. Low two weeks ago was 1281.02. Prior low from early March was 1280.93. Ideally, it stays above 1281.02 to create another higher low. If 1280 breaks...could be a very swift move downward into 1250's IMO.
Funny thing is, weekly chart below is showing it could be bull-flagging...which would fake-out all of FinTwit who is expecting a breakdown as guaranteed.
GDX needs to hold roughly 21.90 or things get ugly. When GDX/NUGT were going nowhere on Friday without a positive MACD cross on the hourly...that was a signal to not hold over the weekend. Let's see if it gives us another chance here today. GL all!
Funny thing is, weekly chart below is showing it could be bull-flagging...which would fake-out all of FinTwit who is expecting a breakdown as guaranteed.
GDX needs to hold roughly 21.90 or things get ugly. When GDX/NUGT were going nowhere on Friday without a positive MACD cross on the hourly...that was a signal to not hold over the weekend. Let's see if it gives us another chance here today. GL all!
