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BenjiMiller
Nov 7, 2019 4:00 PM

GOLD: potential rally coming NOW Long

GOLD / U.S. DOLLARICE

Description

IF we are still in an a-b-c rally, then we've just set the b wave.

C wave coming??

Not that the a rally was only 2 trading sessions (from Oct. 1 - Oct. 3), meaning that the move higher could be swift and strong!
Comments
BobbySpa
Just a nasty day in the precious metals space but hanging on to the premise that the market can't just keep going up everyday. GLD held the October 1 low and stayed within the downtrend channel. GDX also held above its recent lows. Surprised to see the weakness in NEM as it was holding up for a while. SLV came down to FIB .50. If we're gonna bounce right here is as good as any spot.
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