As we are entering into the support area I'm buying gold here. I'm not sure we can tag the channel's bottom. All the daily ,4hrs and hourly charts are oversold enough to have the next bounce. I will be adding if we break out of the channel.
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Miners are not following gold's decline today. We might be printing the DCL today
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I started to use our favourite troll's post as an entry point. WHen he is the most convinced that we are going below 1000$ I buy. This time I bought heavily at 1297.
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One could buy at the pullback: test of the 10-20 EMA and 50% pullback of the last horly candle
Stop below today's low
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We got a better entry than the 10 EMA and 20 EMA.
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bhowe
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Mines are indeed not following. GDXJ holding at the 61.8% Fibo and previous low. Looks good. Waiting for volume to buy.
faronf
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agreed Arpi, this is a shake out, RSI too low!
AshYo
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@chartwatchers Hello Arpi has the channel not broken are we not bearish on this as of yet?
AshYo
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Hi Arpi excellent catch once again.. what is the target up?
AshYo
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@chartwatchers, Hi Arpi excellent catch once again.. what is the target up?
AshYo
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@AshYo, Hello Arpi has the chennel not broken are we not bearish on this as of yet?
BigCharts
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Weekly momentum indicators are too bearish. What is your time-frame for this trade. I am waiting to long in about 2 weeks time.
BjornPfaff
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@AlexTrik, Let Arpi do his thing, he Always knows better then the 5% of the best traders out there ,lmao , ofcourse its bearish , but Arpi wants to be on the first row with red positions :-)
chartwatchers
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@BjornPfaff, 5% of the best traders? Did you meet them at the station where you were waiting for 1050 while we enjoyed this 200$ rally up to 1265$ in January-February? :D
At least you had a good company in the last 2 months. LOL
Even if you are short from 1265 - but you are not - you could have made 70$ . We made actually more than 200$ on this ride as I exited exactly at the first daily cycle top. And reentered at the next DCL.
If everything is so wrong here why are you begging for private ideas in email?
:D
freedom15
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@BjornPfaff Hello I had a look at your page and saw you are a GOLD TRADER. You must find a better job for yourself. Your Reputation is 178. Look at ARPI's reputation. 27320 :))))))) Can I calculate for you how times Arpi's Reputation than that of your 178 :)))))) 153 TIMES BIGGER. :))))))