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Right On/COT Comment/ GOLD
In Response To: Re: Right On/COT Comment/ GOLD ()

Momentum rules. No need for me to out think the unthinkable gold market.

-Open interest liquidated
-COT bullish
-Seasonal bottom between mid -October & mid- November

-90 minute false breakdown
-90 minute volume spike
-90 minute divergence
-90 minute key reversal
-90 minute MA crossover
-90 minute key reversal complete at 1,292, up $17

-50% retracement from the recent near double top at $1,360 takes us back to 1,310, up $35
-Unfilled gap in December contract at 1,345, up $75
-50% retracement of the long bear market at $1,450, up $175

-Daily stochastics turned up 10/7

-Big volume for two months

-RSI uptrend line on weekly & monthly held

-Head & shoulders formation on monthly

You can make up your own mind about N. Korea & other geopolitical shocks.

You are also right about the gold option volatility. When one owns them, awareness is easy.

Messages In This Thread

COT Comment *PIC*
Right On/COT Comment *PIC*
Re: Right On/COT Comment
Re: Right On/COT Comment/ GOLD
Re: Right On/COT Comment/ GOLD
Right On/COT Comment/ GOLD
Re: Right On/COT Comment/ GOLD