Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Thanks for this Rob. I took a short to 1206 when gold was in the 1250-area and I still believe that will be the major support level where the reversal could happen.
DouglasFun
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can't hold Gold anymore. sadly this analysis did not work out
cozzamara
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It got stopped almost at 1229 but this little pullback may be a first. If 2nd is supported and complete the forming pennant at 15m it may use the third to reach 1237. The divergence with RSI at 30m is almost too evident to be trusted. Let's see how it plays it.
stesens
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gold highly manipulated? they buy $ and sell gold for now. Later on the opposite....
saalaah
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as soon as you posted your video gold hit $1222. Are you still planning to hold it still Rob?
UnknownUnicorn266486
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@saalaah, lol of course it did! Fortunately, I was recording and its back above for now, lets see how the day ends
Jamal92
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Trend back towards where? How far you think the price will go if the pullback occurs because gold has been consistently falling.
UnknownUnicorn266486
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Hi @Jamal92, your biggest issue is looking for exact levels, it doesn't work like that! Set you stop at a reasonable level and follow your process, if you get taken out you have to accept the loss and continue on
Jamal92
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@ROB.Reynolds, My lot is very small. I can swing this and will build it up. Until gold hits 1120 is when I will close. I am pretty much swing trading gold till 1350.
EatsMyLife
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It's just too surprising...I'm already out. Can't hold it anymore.
Thanks for analysis still. This market is too harder than stock now.