Here’s What’s Eating Away at Gold | Metals Mine

  • Here’s What’s Eating Away at Gold

    From sunshineprofits.com

    Gold is dodging bullets, as it comes increasingly under fire from rising U.S. interest rates and a USD that is poised to surge. Catching unsuspecting traders in yet another bull trap, gold’s early-week strength quickly faded. And with investors unwilling to vouch for the yellow metal for more than a few days, the rush-to-exit mentality highlights a short-term vexation that’s unlikely to subside. Please see below: chart estined for devaluation after hitting its triangle-vertex-based reversal point (which I warned about previously), the yellow metal is struggling to climb the ever-growing wall of worry. Mirroring ... (full story)

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Trader#737F
Feb 17, 2021 4:50am
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You are indeed, an exceptional analyst with sound techniques, and very timely and accurate insight. I doubt that I have ever come across a more astute "technicals" person. I wish you the best of luck - you have been 100% correct in your views of market action thus far (i.e. since I started reading your presentations) and well ahead of everyone that has come to my attention. Like I said you are quite exceptional and deserve to be widely followed.

The Crow (-_-)

PS: Wish though you could simply ignore "fundamentals"- properly understood, I would argue, fundamentals has no application in metals (and more of distraction for astute traders and chartists).
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