Gold update 19.11.17
Gold is about to make a move. I am not gonna post a count yet, because many things are possible right now.
It has been in consolidation mode for over a month now, always staying close to the downtrend line. This is why a big move is likely in the coming weeks.
The uptrendline and the downtrend line are forming an indecisive triangle, which means that 700$ Gold is possible as well as 1800$. Which one is it going to be?
The weekly supertrend indicator is still bullish:
The 4 hour chart also created a strong ichimoku buy signal (tenkan crossing kijun above the cloud). We will find out soon if it will be reversed or not.
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TPTB will dump a lot of paper to force it below the trendline i guess
This would cause a massive surge in equities... Either way we win. Just don't trade against the trend.
It will break the trend one way or another, lets just hope it will be up, i'm justs not counting on it...
I sold my gold investments some time ago although still hold some miners, so this would be good news if it comes off.
if Gold rises do you think silver will follow ?
Yes, it will very likely follow.
i think silver and gold holders have been waiting for this moment for years lol Hope you are right !
Do You see any correlation between gold/silver stocks and cryptocurrencies? Would gold/silver rises could move investors from crypto markets onto traditional markets? The BTC and others seems to have nice take profit levels.
I don't see any correlation whatsoever. Gold and silver markets are the most manipulated markets on earth. The real value should be much higher.