Replies to post #34162 on GOLDBUGS AMEX Goldbugs Index (GOLD)

[Sparks111111]

Yes, agree, in the 1300-1320, feels so much like no mans land....trap


I haven't traded in two weeks because of it, no technicals are working for me so far this month, seems pointless, hence why I'm waiting for a break out over 1360

There is no bottom for me, I'd rather not chase if the FED isn't done flushing the sheep out

Will touch some jnug at 1270 or so with tight stop, if it breaks down, I'm not touching it, it won't hold 1180 the 3rd time, I'm sure of that, I won't go long until I see a break out and test of new support above 1365 or so

https://www.tradingview.com/x/bl5qp1Hf/

[Sparks111111]

I also have my eye on 1220, not sure if we're looking at the same support line though...this one?

https://www.tradingview.com/x/IKqvd7zR/