bear market in full force has begun but this looks like a good place to see a short- medium turn bounce. Not taking this idea. Just for fun.
what I think is coming for silver before we go higher. Currently longing into Fibonacci resistance where I will take profits and wait for lower prices.
GDX can have a large drop if gold continues to move down
i would have taken this a while ago if i had access to aussie tickers
See 1st idea, this is a more likely scenario IMO. We could go into a range between 1400-1500 for a few weeks or months with a final wick down to the HTF INVH&S before monetary metalst go to the moon.
I am not taking this, just for fun. taking advantage of the volatility and targeting the breakdown level
In the situation of the US stock market breaking to All-time highs, this is a probable scenario for gold. I will be a buyer once the 1st inefficiency closes, due to the strong fundamentals for gold I think it will be difficult for it to reach the 2nd efficiency.
I have been in DUST since red. would not be surprised if we went back to the top of the range but being the 4th touch of downtrending resistance it may break out. a strong move back up to the top of the channel probably invalidated this idea. hoping to ride DUST until I see gold in the low 1440's
Reasons to be bearish: (technicals) -We are coming up on our 3rd touch of down-trending resistance. - Gold is struggling to get back above 1500 after breaking below the up trending channel and a bearish retest of it. - Price action looks similar to the last correction outlined in the red box. - If the correction is now over, it was very quick. - Stock...
updated idea. A stop run into 106 would align for a pullback on gold before the precious metals party starts. After 106, who knows what happens, who knows what the fundamental drivers are. Tell me in the comments, I want to know!
this could be the last rally before the death of the dollar via hyper inflation.
I doubt it will play out like this, just a bit of fun.
RIP Tyler Jenks, can't wait until your book comes now. For now, this is what I remember from your vlogs talking about hyperwave. Seems to fit well on Amazon right now. Am I doing this right? If this is a hyperwave then there is potential to hold phase 3 to make a 'funky hyperwave' and go higher. Or potentially we are just starting phase 4 now? - Phaze 7 is...
punting a tiny short position here to hedge investments in the situation the market doesn't like the repo madness and countless other problems. I would not be surprised to be stopped out and see this go to $55 but the S&P500 is at ATH and the risk:reward for shorting US stocks is therefore high.