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MarcinO
Rep: 67
Posts: 5,506
This may be an intresting week. Gold made a bullish ABCD on H1, against daily bearish one, which were shown by Duane and Rat. Probably it needs one more leg up deeper into the PTA before a reversal.

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jimkane
Rep: 3,058
Posts: 33,089
And there's the stops. These guys are something else. Yeah, that movement was random. Yeah, stop running is a myth. Riiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiigt.
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jimkane
Rep: 3,058
Posts: 33,089
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jimkane
Rep: 3,058
Posts: 33,089
Did anyone see that last minute ramp on gold? It's now making $20, even $30, smooth swings like they were nothing.
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jimkane
Rep: 3,058
Posts: 33,089
Now there's something I almost never see. The 45 min session open on the futures that they added on Fridays, it gapped up and has high ticked the high for the entire move, and may take it out. Usually this 45 min period is totally sideways and does nothing. What does this say? Probably that we gap up big on Sunday and run. This is the final blow off leg, folks, in my opinion. It may head up into Oct/early Nov, then check back, then one last push into Jan, but this is it. The last gasp of the 'bull'. Anyway, that's my highest odds scenario.
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jimkane
Rep: 3,058
Posts: 33,089
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jimkane
Rep: 3,058
Posts: 33,089