RE:RE:Buy the dipNFP a huge miss but frankly these numbers don't even matter. If the Feds doesn't taper then it's ok for gold. IF it does then it's GREAT for gold since it will hurt equities way more than it strengthens the USD against the basket of papers.
To me these numbers are just significant for establishing some kind of a timeline for cycles in my techincal analysis. Aug 9 is definitely a cycle low now followed by the reversal. One week of consolidation, one week of backtesting and we held above 200MA for 3 days now here we are going into next week ready to fly.
BTW this is exactly what I have been saying since early July. We will likely have a nice run up starting Sept to at least the ATH before year end. The charts don't lie. Follow the trend.
It's just halirious to see these brain dead analysts/media flip-flopping 3 times in 12 hours...have no f-ing clue wtf they are talking about. Completely oblivious to the basics of TA and what to look for.