So close to $1700....will it lift off?

T

TheEnd

Well-Known Member
As of 5.30am we are @1698.... If it breraks 1700 will we see a big lift off back to 1900 and beyond....It's very possible considering all the fundamentals are aligned atmo?
 
So if it breaks $1700 or even better $1900 where do you think the next peak would be.....
My thoughts are if it hits $2200+ it might be time to cash some gold in as the price would
then possibly drop a few hundred and then stabilise for a while....

I would prefer it to go higher of course........
 
I don't feel like this is the final run up, so for me the price is irrelevant.

I'm waiting for the GSR to break below maybe 40, then I'll start my swaps into gold...
 
Things are getting exciting again! where to from here.

btw love your ID Deebsotronic, wish our money really had the Fonz on it =D
 
bullionfrog said:
My god when I logon, open the chat and saw 1699.99. Want to post my screenshot how I can do it?
Click to expand...

Save the screen shot as a .jpg on your PC and then go through the regular process to add a pic with the "upload image" tab at the top of this page

leo25 said:
btw love your ID Deebsotronic, wish our money really had the Fonz on it big_smile
Click to expand...

aaaaaayyyyyyyyy :cool:
 
Thanks a lot!

I have captured just before it break! 1699.99

4154_1699_99_gold.jpg
 
What do people think will happen tomorrow?

Bullish factor: Technically speaking, Gold and Silver cannot be better positioned. It is above both the 50 and 200-days MA. The MACD has turned positive.

Bearish factor: NFP announcement *usually* means bad day for the metals. Also, given their meteoric rises in the last 2 weeks, the RSI suggests that they're currently overbought, and due for small correction.
 
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