GOLD - HUGELY BULLISH - BROKE LONG TERM DOWNTREND AND SURVIVED RETEST OF SUPPORT
Gold has been in a down trend since August 2011 - 6 years. OWCH!!
It has finally broken this down trend. It has then pulled back and successfully retested this support line. If we have a good day tomorrow and the momentum continues upwards we have a hugely bullish situation in Gold on our hands! This is not investment advice, but it COULD really be a game changer!
What are your thoughts?
HELP US PROMOTE STEEMIT#promo-uk TEAM FRESHERS WEEK UNIVERSITY PROMOTION TOUR
The #Promo-uk team is going on tour around 10 major UK Universities during their freshers weeks from 4th - 15th September this year in order to promote steemit it to as many awesome students as possible! Please support this initiative here and on our blogs in order to allow us to pay for fuel, t-shirts, flyers, pens, steemit mugs, hats and other important promotional items in our MONSTER effort to get the word about steemit out there!
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Stephen @stephenkendal Matt @Starkerz, Dylan @Anarcotech, Curtis @Crypto-Curt, Steve @TecAV, Karl @McKenzie259, Kiran @TheMeanBean, Zoltan @Coinkingz, Jonathan @JonathanYoung, Adam @Adamm and @Rea
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You one ,,
The best for you
I has resteem your article
Thank you so much!!
I like your post, and i will resteem
Help me 😅
https://steemit.com/travel/@yingclara/the-swan-valey-201789t17277202z
@starkerz
Thank you!!
Will be interesting to see the fight between the two commodities of gold and crypto currency and see which the market has more faith in now
In my opinion the battle is between fiat money (pounds, euros, dollars) on one side and gold, silver, bitcoin on the otherside. sure cryptos are doing well at the moment, but they are high, gold has just had an increadibly important break higher with a retest to show that there are enough buyers at the trend line to drive it higher. nothing guaranteed here, but if gold goes higher from here, this is a HUGE date in history. Lets see what happens over the next few days....
Crypto of course - the money of the future !!
Upvoted and resteemed - @starkerz -all fired up and ready to go. We cant keep up with you
cool!
wow you are right, Gold up quite a lot
Just paying the probabilities! up again today. The attack will come soon, but this time, I think that the bears wont overpower the bulls... This is a very strong pattern and break out. But we will see. It is all about controlling your risk and not going too crazy with your trades.
When there is a straight line down, then we know that's the attack. It's always disappointing to see the manipulators have been quite successful in doing that, so i am more into cryptos lately
understood, it makes sense!
That chart does look good. I used to watch gold pretty closely. To be honest, it's hard to get too excited about it anymore. Crypto markets are a much wilder ride.
Agreed!! crypto very crazy and exciting, however, gold is the indicator of control of the establishment and they have just lost a major battle
Ah, well, it didn't matter much when we went up to 1900. Gold futures are leveraged against the real thing 100:1, or worse with rehypothecation. That one's a real doozy - selling futures contracts on the same gold bars repeatedly due to the fine print in unallocated vs allocated accounts.
Page me when the delivery demands start rolling in.
That is exactly what will happen I am sure, All it will take is one cleaver hedgefund to put bets on and then demand delivery. It is the easiest short squeeze in history! however, that is all speculation, we must trade the charts and the charts have just shown a very strong bullish sign
Have spoken to Lizz Vox - DJ'ing in London and she is interested to assist with the student promo dates if she is able to fit in dates and times as she also has a full time job and DJ's over weekends. She's off to Ibiza in September to DJ but she is keen dates permitting
Cool. Please follow these blogs in order to see what dates we will be attending which universities. we have just started planning so we havent fixed exact dates to exact locations yet, however, we will do soon! https://steemit.com/steemroadshow/@stephenkendal/steemroadshow-draft-schedule-of-dates-promoting-steemit-at-university-freshers-weeks
Ibiza it is then..!! I need a bit of sun..!! Now I bet that has got you thinking..!! haha haha haha :) :) Stephen
Yup, much rather be doing this on the beaches of Ibiza! I think we should change the tour location
Great analysis.. Steemit is so amazing and great. Resteemed
Thank you! it is a very important break of a LOOOONG term trend line. it went back to retest the line and stayed above it! if today and the next few days stay positive for gold, this is a truly important event in history! if not, its back to the drawing board! ;))
I agree. I said almost the same thing after the spike yesterday, then it got smashed down, but it was a temporary smash and recovered quickly off the (now supporting) down trend line.
https://steemit.com/steemsilvergold/@unclehermit/gold-spike-confirms-break-of-6-year-down-trend
Haha! our charts are almost identical!! I like the way you trade sir! :)) Lets see what happens next!
They are, although there is a bit more intricacy and finesse to your charts. Mine were fairly blunt, although to the point.
Thanks for the upvote.
What a wonderful thing to read! "now supporting down trend line" as if any of us thought we would be reading those words!! Nice article by the way! Chart looks very similar to mine - i like the way you think ;))
A university tour is an excellent idea. Great to be working with you @starkerz
Cheers @deimus. It will be great fun and hopefully positive fro steemit!