GREY:ALXDF - Post by User
Post by
goldopportunityon Nov 10, 2017 6:56pm
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Post# 26943521
Fwiw.......
Fwiw.......Alxdf closed at usd .05 = cdn .0634 (boc 1.2683 close)
Inside low, high and print on a littles less than half average volume. Once again, we closed a titch above the 50dma. Two blazing, in-your-face take-aways from today: 1. lack of sellers 2. dimishing supply. Economics 101 says a higher sp is in the cards. The chart is no-brainer bullish. We have momemtum, with many of the st indicators signalling immediate upside potential.
Bottom-line:
Come monday, the chart would suggest to me that the sp will finally push thru .05 resistance. However, the odds are that this up move could be intraday, with another close at either today's print or slightly lower. Now if this plays out, then I think tuesday we have a good probability of opening gap-up. But perhaps I'm putting the cart before the horse. At any rate, we look in great shape imo.
So enjoy your weekend, folks. And always stand your ground in markets and in life. Jmvho.
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A few of the other markets appear to signal potential bullishness for the gold sector in the st:
- Dow looks poised to close that gap around 23000
- usd looks ready to drop very shortly to 50dma
- could bitcoin really plunge to 6000 or lower ?????
goldopp