captainquenta
Long

Gold (XAUUSD) long - stupidly oversold

OANDA:XAUUSD   Gold Spot / U.S. Dollar
If Easter Eve shows gold closing below the daily open, it would be the 6th straight down day - a rarity for gold . Additionally, it's not even tested the inner 2/8th harmonic at 1275. More importantly, there is a new Full Moon phase on the 19th at a swing low for gold and Venus and Jupiter are squared on today's date (17th of April, 2019).
Not shown is a prolonged and massive bearish divergence between the RSI and the Composite Index as well as price and the Composite Index on the Daily and 4-hour charts. The weekly is very near showing a possible hidden bullish divergence on the weekly chart.
Even the weekly chart agrees with your analysis. The long term uptrend is testing its Higher Low.

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@captainquenta Buddy cool idea. Thank you very much, make more graphs, cool to do analytics
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Without sounding like too much of a tin foil hat fool, is there any way this might be engineered ? I realize the Venezuelan 'big sell' threat could account for some of the fear. I get how Mars is moving in and the 23 degree commonalities about to occur. I get how these indicate dealings with 'other peoples money'. The market is really really fragile right now and I almost feel like I'm on the autism spectrum with the sensitivity of it. Japanese Index DOW S&P all double or tripple topped. Japan about to go into a heavy spell of long weekends. I would be somewhere safe, not in Nikkei. Lyft IPO failing with Instagram to follow. Trump spouting at the Fed (he knows the economy is in trouble). OPEC showing cracks. Brexit still in dumb play. Bubble after bubble after bubble in every chart and every major nation. The entire global economy has been running on short term interest rates for the last few years. Margins are already tight without industries need to cover rising fuel costs. As things start to unravel near the end of the month here, is there anyway that this is a preemptive move to intice people to keep their funds in the stocks rather than the metals? The idea being that stocks have been trustworthy for the last umpteen years, while faith in gold is "this" ... down ? .. I dunno... the whole program feels dodgy. JP Morgan sits on 700 million ounces of physical silver (unknown how much 'paper promise' silver.) In my estimates, they should have been up a further 1.3 billion for the quarter when they reported on Monday. I dunno how much that is per share, but dodgy all the same ...
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@michro11, Gannysts have known about the upcoming panic phase that starts 2020-2021. There's always 'small pains' before it hits all at once. We can see, feel and hear it brewing.
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