JoeSchmoestein

JoeSchmoestein

2/3rds (66%) re-tracement. reaction to 1284, 1288, 1293 or 1298? place your bets. your guess is as good as mine.

JoeSchmoestein Updated 

The rejection of the low of 1288 on 25SEP and a close above the 22SEP high confirms last Thursday's interim low of 1287. Note the 8x1 angle from the July high of 1375 which shows a price of 1286. Major support is now at the 2x1 angle from the SEP11 high of 1920 which indicates a price of 1302. On the weekly chart support is 1296 and resistance 1307. A weekly...

JoeSchmoestein Updated 

Gold is at a critical juncture with a 25% re-tracement from the recent high. Its price presently fluctuates around the 3/1 angle from the Gann zero angle of 1243. With Fridays rejection of the 1288 low, the temptation is to buy with a target of 1302 or 1305. On the other hand, should price fail to hold this angle, 1278 appears to be easily obtained. What...

JoeSchmoestein

16SEP16 12:30 a. m. - On this chart the 161.60 extension from the beginning of the current move shows a price of 41.60. That is .20 lower than the higher range price target indicated in the description of the previous chart. Today's action saw...

JoeSchmoestein Updated 

short entry @ 45.35 or 44.88 target 43.02 or 41.80

JoeSchmoestein

new moon new trend? we'll see what the gods have to say.