Discussion in 'Commodity Futures' started by themickey, Aug 20, 2019.
When T.H.E.mickey talks
I looked all the charts posted at thread and my eyes are saturated.
I think that while more simple and clear be trading, it's better.
Yep, most of my analysis doesn't come from charts, that is, I don't use charts to give me my initial opinion on direction, I use spreadsheets.
I live in Australia so when I wake in morning, USA has just closed, I run one spreadsheet on USA Mkts and can tell basically within a couple of minutes most of what I need to know on where I should sit with my positions, as of right now, 22.
mr T.H.E.Mickey, when you say "......Australia's turn will be tomorrow....." What time zone are you referring to? Thanks
That partucular post was made Tuesday 3rd Sep 5.28pm Western Australian time, we had a gold bullish close that day, so the call was USA would open strong gold Tuesday 3 Sep, Wednesday 4th Sep Australian time my call was gold would have another leg up during RTH.
Friday morning Australian time 6 Sep. before the market opened here, I made a bearish call to bail out.
First weekly sell signal I got in a couple of years on gold...will be interesting to watch as the longer term unfolds.
Yes, gold strongly bearish atm which is taking many by surprise I would assume as there is all this news about regarding certain foreign central banks hoarding.
The other surprise coming in my opinion is a strong general market rebound.
My impression a week or so back was Sept October would be horrible months but right now I see strength.
Hence maybe why gold is suffering.
My calls are not made from charts, just data number crunching.
Gold attempting a comeback, too early to tell, no conviction, staying on sidelines, react, not anticipate.
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