I 've been looking at Gold's chart so closely it's made me cross eyed ! :-)
A epiphany hit me it made me realize Gold must have equilibrium before vaulting to new magnificent heights, it was on the bridge of my nose not the tip of my nose i would've seen it earlier but it was to close to see ??? :-) Yes this goes hand-n-hand with Leonardo's Disciplines as well. (-:
Yes these Cat Eyed Bifocals i'am peering through are dotted with gold bugs looking for a Cat Bounce i do not believe we will get a bounce because Gold did not fall fast or hard enough for a momentum push. Megalo>
A epiphany hit me it made me realize Gold must have equilibrium before vaulting to new magnificent heights, it was on the bridge of my nose not the tip of my nose i would've seen it earlier but it was to close to see ??? :-) Yes this goes hand-n-hand with Leonardo's Disciplines as well. (-:
Yes these Cat Eyed Bifocals i'am peering through are dotted with gold bugs looking for a Cat Bounce i do not believe we will get a bounce because Gold did not fall fast or hard enough for a momentum push. Megalo>
Comment:
Comment:
39 minutes ago
The last hour candle is Bullish Engulfing & it should rise!
I don't thinK Gold in its present state of cycle has enough fortitude to rise higher past the trend or not ??? i do believe Gold will need a little more of a squeeze before popping up with momentum! Which means a dive further down for more pressure to be exerted then the volcanic reaction??
Gold's looking for equilibrium and when it seeks it out and finds it it will turn bullish in a New York minute!!
The last hour candle is Bullish Engulfing & it should rise!
I don't thinK Gold in its present state of cycle has enough fortitude to rise higher past the trend or not ??? i do believe Gold will need a little more of a squeeze before popping up with momentum! Which means a dive further down for more pressure to be exerted then the volcanic reaction??
Gold's looking for equilibrium and when it seeks it out and finds it it will turn bullish in a New York minute!!
But i still believe Gold needs to equalize somewhat before going to fantastical new heights > I also believe Golds price action gets pump in the Asian overnight markets somewhere around $1890 price point then back down toward fresh new lows sometime there after. i believe we will see gold selling off again sometime in the pre market hours starting around 1:30 to 2:30 am and descending to fresh new lows within two hours of market open & sell off for the rest of the week. I think if Gold equalizes at the $1730 to $1740 price point it will start showing bullish once again and gap fill hundreds of gaps it left behind in its stupendous rise up and would further be ample time for the Gold market to cool>Megalo :-)