GOLD'S REGRESSIONS AND VOLUME INDICATE A MASSIVE SPIKE END OF NEXT WEEK.
Please like for support!!
I'll make this one easier to read.
1. if you've been following #005, I spot the low last week and called for 1790s today (see part 4)
2. since we got the 1790s AFTER NFP, the drag to 1765 will be zig zag and annoying
3. it should get there by next Wednesday night (I could see it staying above 1768)
4. originally, the spike looked like 1820 at best
5. 2 days ago, it looked like 1835, higher than that would be a long shot
6. NOW, it looks like UNDER 1835 would be a dog for the spike top
7. going to call it right now, 1765 to 1865 (next Thursday & Friday (MOSTLY THURSDAY)
8. meaning entry on WED, and sell FRIDAY above 1850
9. HOWEVER, there is a possible situation where it STAIRCASES up (I believe this to be underdog route)
10. I think that is a dog bc of the bollinger squeeze here, it's not ready to bust until at least next WEDNESDAY
11. the volume waves I am spotting is really exciting stuff, I just don't have time to show it from multiple angles
12. I've looked at this move from different bar sizes and keep coming up with 1860s top (maybe even 2% higher ala 1900, but that seems unreal to me)
13. since I don't have time to add next week, just expect higher numbers IF WE STAY ABOVE 1775 THE ENTIRE WAY
14. price action from 7/11 to 7/25 will be difficult to map but should stay sideways in that big box (raise that box if higher top)
15. more after 7/16, I'm going vaca (and no, I don't trade on my vacation, that's a dumb trade)
Please like for support!!
I'll make this one easier to read.
1. if you've been following #005, I spot the low last week and called for 1790s today (see part 4)
2. since we got the 1790s AFTER NFP, the drag to 1765 will be zig zag and annoying
3. it should get there by next Wednesday night (I could see it staying above 1768)
4. originally, the spike looked like 1820 at best
5. 2 days ago, it looked like 1835, higher than that would be a long shot
6. NOW, it looks like UNDER 1835 would be a dog for the spike top
7. going to call it right now, 1765 to 1865 (next Thursday & Friday (MOSTLY THURSDAY)
8. meaning entry on WED, and sell FRIDAY above 1850
9. HOWEVER, there is a possible situation where it STAIRCASES up (I believe this to be underdog route)
10. I think that is a dog bc of the bollinger squeeze here, it's not ready to bust until at least next WEDNESDAY
11. the volume waves I am spotting is really exciting stuff, I just don't have time to show it from multiple angles
12. I've looked at this move from different bar sizes and keep coming up with 1860s top (maybe even 2% higher ala 1900, but that seems unreal to me)
13. since I don't have time to add next week, just expect higher numbers IF WE STAY ABOVE 1775 THE ENTIRE WAY
14. price action from 7/11 to 7/25 will be difficult to map but should stay sideways in that big box (raise that box if higher top)
15. more after 7/16, I'm going vaca (and no, I don't trade on my vacation, that's a dumb trade)
Note
*** THE NOTE ON THE CHART SAYS, "IT WANTS TO UNDO 100 PT SPIKE DOWN W/ 100 PT SPIKE UP." ***Note
Q: What about silver?A: Spike too but more subdued bc the 252 day regressions are higher AND negative, won't resolve until late July or early August.
Q: What about miners?
A: GDX has same look.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.