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Latest Forum Posts
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Very good analysis, thank you! If I've understood well, the spot definitely will go up or down, up and down, upsidedown....
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Speak in peasant terms ples. Happy face gold up 😊? Sad face gold down? 😔
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By TheSilverForum · Posted
This trade topic has been automatically closed as it is older than 30 days old. If your item is still for sale or your wanted listing is still valid, please submit a new listing. -
By Britannia47 · Posted
Hi, You may get a better response in the ‘Non Precious Metals’ section! Having said that, the bun-head Young Victoria is one of my favourite obverses Leonard Charles Wyon’s portraits, were better than his Father’s IMO…. Photo shows the classical Young head portrait by William Wyon, next to his eldest son Leonard’s ‘Australia’ Sovereign. For comparison the ‘bunhead’ farthing is also shown, by L.C. Good- luck with your date run.🙂 -
By HonestMoneyGoldSilver · Posted
We're in a nice consolidation range at the moment A super basic analysis says the longer we stay in this range, the lower the RSI for gold (It was >70 in the past couple of weeks, now it's dropped to 56.4, the bottom squiggle in the chart below). A rating above 70 means overbought, i.e. possibly in line for a downwards correction, so being at 56 is much better than being at 76 If you check the cheat sheet you'll see the 50% RSI is rising in USD terms along with the 70% RSI. A few days ago the 70% RSI was at $2385 and now it's been pushed to $2432 XAUUSD - Gold Forex Trader's Cheat Sheet - Barchart.com So the longer we stay in this range the more attractive it becomes to buy gold, which provides the foundation for the next 15% jump in prices. If we go too soon it's like leaving base camp to climb the peak with insufficient oxygen. Staying here and recharging the tank gives us a better chance of reaching the peak. Of course there are hardcore MFs who can do it without oxygen but plenty have tried in the past and their frozen corpses are still there on the side of the mountain -
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