Gold has been in a down trend since August 2011 - 6 years. OWCH!!
It has finally broken this down trend. It has then pulled back and successfully retested this support line. If we have a good day tomorrow and the momentum continues upwards we have a hugely bullish situation in Gold on our hands! This is not investment advice, but it COULD really be a game changer!
What are your thoughts?
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Thank you!!
Will be interesting to see the fight between the two commodities of gold and crypto currency and see which the market has more faith in now
In my opinion the battle is between fiat money (pounds, euros, dollars) on one side and gold, silver, bitcoin on the otherside. sure cryptos are doing well at the moment, but they are high, gold has just had an increadibly important break higher with a retest to show that there are enough buyers at the trend line to drive it higher. nothing guaranteed here, but if gold goes higher from here, this is a HUGE date in history. Lets see what happens over the next few days....
Crypto of course - the money of the future !!
Upvoted and resteemed - @starkerz -all fired up and ready to go. We cant keep up with you
cool!
wow you are right, Gold up quite a lot
Just paying the probabilities! up again today. The attack will come soon, but this time, I think that the bears wont overpower the bulls... This is a very strong pattern and break out. But we will see. It is all about controlling your risk and not going too crazy with your trades.
When there is a straight line down, then we know that's the attack. It's always disappointing to see the manipulators have been quite successful in doing that, so i am more into cryptos lately
understood, it makes sense!
That chart does look good. I used to watch gold pretty closely. To be honest, it's hard to get too excited about it anymore. Crypto markets are a much wilder ride.
Agreed!! crypto very crazy and exciting, however, gold is the indicator of control of the establishment and they have just lost a major battle
Ah, well, it didn't matter much when we went up to 1900. Gold futures are leveraged against the real thing 100:1, or worse with rehypothecation. That one's a real doozy - selling futures contracts on the same gold bars repeatedly due to the fine print in unallocated vs allocated accounts.
Page me when the delivery demands start rolling in.
That is exactly what will happen I am sure, All it will take is one cleaver hedgefund to put bets on and then demand delivery. It is the easiest short squeeze in history! however, that is all speculation, we must trade the charts and the charts have just shown a very strong bullish sign
Have spoken to Lizz Vox - DJ'ing in London and she is interested to assist with the student promo dates if she is able to fit in dates and times as she also has a full time job and DJ's over weekends. She's off to Ibiza in September to DJ but she is keen dates permitting
Cool. Please follow these blogs in order to see what dates we will be attending which universities. we have just started planning so we havent fixed exact dates to exact locations yet, however, we will do soon! https://steemit.com/steemroadshow/@stephenkendal/steemroadshow-draft-schedule-of-dates-promoting-steemit-at-university-freshers-weeks
Ibiza it is then..!! I need a bit of sun..!! Now I bet that has got you thinking..!! haha haha haha :) :) Stephen
Yup, much rather be doing this on the beaches of Ibiza! I think we should change the tour location
Great analysis.. Steemit is so amazing and great. Resteemed
Thank you! it is a very important break of a LOOOONG term trend line. it went back to retest the line and stayed above it! if today and the next few days stay positive for gold, this is a truly important event in history! if not, its back to the drawing board! ;))
I agree. I said almost the same thing after the spike yesterday, then it got smashed down, but it was a temporary smash and recovered quickly off the (now supporting) down trend line.
https://steemit.com/steemsilvergold/@unclehermit/gold-spike-confirms-break-of-6-year-down-trend
Haha! our charts are almost identical!! I like the way you trade sir! :)) Lets see what happens next!
They are, although there is a bit more intricacy and finesse to your charts. Mine were fairly blunt, although to the point.
Thanks for the upvote.
What a wonderful thing to read! "now supporting down trend line" as if any of us thought we would be reading those words!! Nice article by the way! Chart looks very similar to mine - i like the way you think ;))
A university tour is an excellent idea. Great to be working with you @starkerz
Cheers @deimus. It will be great fun and hopefully positive fro steemit!
Na, forget the gold @starkerz, crypto all the way! Dude, now that I have a few other coins I'm totally hooked on coinmarketcap, have to check every few minutes. It's becomming a problem...
haha! me too! but certainly should be putting something into real assets, not only crypto... ;))
nice @starkerz sir i dont interest in gold but we want gold is not gone high for our purchase special for us
Sorry to hear that. I think gold is a very important substance to stop bankers from inflating our currencies until they are worthless. It will be very interesting and important to see what happens in the coming months to the price
Keep Stackin that silver also :)
silver = gold on steriods ;)))
Took it long it enough ! Now it's gonna rise from the ashes like a phoenix 😎
Hope so, but I recommend not to get over emotional with the language when describing my expectations of the move. it will make the pull backs seam a lot worse than they are, tends to make me behave irrationally.
Great post @starkerz imo Gold will be gaining a 5-10% increase within 2018, Silver will be even higher at 10-20% as Silver is useful for for more cases. Could also invest in goldbacked cryptos like zengold and onegram. one thing is sure, the game is gonna change! upvoted and followed you friend. 😃
looking forward to more of your posts 🙌
Thanks @slywest! I certainly agree with this!! :)) thanks for the info on the gold backed cryptos!
You're welcome @starkerz 😃! there are more of these gold backed out there, personally I've invested mostly in ETH, NEO, OMG & EOS, but gold and silver is def going to steadily increase over the next years.
I can't help you about the trade of gold but i can say btc has a price bigger than gold
certainly does, it also has the potential to fall further than gold as a result ;))
Lots of love from NYC to U.K. . The crypto market has been picking up since this month started and I am not surprised to see this rise too , and I know it will continue , we just need to wait on it like we did for everything else @starkerz
Yes, you pay in stress sweat and tears, but it is the price of the time that is required to wait. That time COULD have come. lets not start celebrating yet....
good news @starkerz
I hope steemit can be promoted in Indonesia so that it can grow all over the world😊
Same here! I think there are already groups doing this. if you need any advice, I am happy to explain how our promotion techniques work and give some advice as to how you can get more involved in starting a #promo-indonesia group!
Good master @starkerz
All right😊
We in indonesia want to be like you ..
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Nice post with very useful article from @starkerz
I think this analyse is very useful all emoney users...like me....
Wel done my dear friend...
Superb work..
Thank you so much sharing your valuble knowledge and ideas wuth others...
I akways appreciate your post akways...
Upvoted and resteemed...
Cheers!..
Thank you @dinisanda! much appreciate your support and hope you can find a way to benefit from my posts!
Thank you for the heads up starkerz
I have been thinking about buying some gold. The Crypto society has really opened my eyes to our current financial situation and if things go just a little bit like Jeff Berwick and others are proclaiming gold could easily turn into a very good investment...
@ronni
Yes, Mr Berwick speaks a lot of sense. Lets see what happens to gold price over coming months, but that break of the down trend with a retest to confirm support is a moment MANY MANY people have been waiting for a long long time!
What I've learnt from tech analysis is that nobody knows what will happen. In this case options let you not to guess, but use strategy with known P/L profile
I would not put this up if it were a guess. this is a MASSIVE technical event (if gold stays at or above this level for the next few days). a break of a long term down trend with a re test of the line is very strong sign that the down trend has been broken and a lot of traders will be watching this now for a bullish move.... I do agree that if you have studied options well, they are great and they allow you to hedge your risk much better than most products.
Trading BTC is easier than trading gold.
Completely agree, however, I would suggest that BTC is high and this may be right at the start of golds run up that we have all been waiting for for the last several years....
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@starkerz
Thank you!!
i hope after this downtrend people shift to the cryptoworld more :D
I think that is guaranteed, even if gold resumes its downtrend!
Hehe good time indeed for sure :)
Good post!!
Thanks for sharing @starkerz
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