Gold - what the heck?

VanEck Gold Miners ETFArca

Description

⋅ Dec 4, 2023 9:52 PM

Gold made a brief New All time high before getting smashed down.

This is the largest Daily Bearish engulfing candle gold has ever had.

Comments

Thinus5422

⋅ Dec 6, 2023 5:05 AM

Thanks for great analysis. Hope December/February seasonality for gold works its magic for recovery.

awakeningtvii

⋅ Dec 4, 2023 10:30 PM

$2020 Is the next support. The FED doesn't like competition. $2500-3000 next year!

mheyborne

⋅ Dec 4, 2023 10:13 PM

Loved that price spike. Made a small fortune with a modest futures contract swap short position from $2,125 down to $2,050. Absolutely beautiful.