Needs to close above 200 day to confirm this base breakout or I see this rolling over.
Looks like gold could be finding a bottom here. Watching to see if we get some RSI divergence and start curling up.
Looking like the xmas eve rally might have hit resistance... I think the real question now is test the prior lows... Or make a new low
Looking like it could be a H&S top... I would be selling here or looking at puts...
Looks like a big H&S to me... Retested the neckline and got rejected... Everyone is Juuling anyways...
200 day acting as resitance, market looks like it may test december lows...
I think with what is going on in the market people are looking for places to put some money away. None of us know yet if that is a safe play long-term yet, but watching for some upside here. (Don't pay attention to elliot, I still have a lot to learn)
Gold has been on a run and I ultimately believe it will go higher. As this stock market slowly falls apart. I am looking at this downtrend resistance for short entry conformation into options Sunday night. I also think the market is going to have one more push down so I will be buying options within reach but I ultimately see a price target in gold down to around...
Who knows if this is what will happen but it has the setup for it.... This would sound the alarm to Tony Dwyer...
Don't be getting long until we can crack above this channel.... Which I don't think happens, this is just the start of the pain