Andy1

On 22/04/2020 at 16:35, sixgun said:

Price has 'zoomed' the red median line again - this is the third time it has made a strong push through the median line of my Andrews fork on the XAU/GBP chart. The wheels are coming off the wagon. i have a feeling price will hold above this time. Target is £1600 then. Could be middle of the summer if the trajectory is maintained - although i would prefer a bit more consolidation. In the current environment anything is possible.
But less of my rantings - Wonger he say go down hard. So a minus valuation on gold and silver seems to beckon. 

I agree, I closed out my longs will look to re enter on a pull back before taking more of wongers money😂, that is if one's provided 

On 06/04/2020 at 15:21, Andy1 said:

Yes Indeed, Bears are getting steamrolled this week, once we take out that previous higher high price will bolster. 

Geeez, Don't buck the bull people. As the saying goes mess with the bull and you get the horns. Price magnetizing into higher highs.  

1 minute ago, Blehhhh said:

Do we think price will pull back a bit?.

I was planning on buying more gold at this evening, not sure whether to just go for it now.

Damn bank daily limits.

There's always a possibility that price will pullback that should never be disregarded. I reckon that it will pull back but not much as buyers have taken control of price for now,.

2 minutes ago, Minimalist said:

As a former OTC trader, I was wrong 42% of the time. 😜

I stick to high time frame fib retracements they haven't failed me yet. They're one of the best tools that can be used for spotting areas of value in a trending market.

5 minutes ago, Minimalist said:

 

My TA indicates that the spot price will head near $3,000 in the next few years

Although I tend to stay away from the monthly chart it gives a nice top down perspective, Fibonacci extensions line up perfectly with your targets! 

On 04/04/2020 at 16:38, Minimalist said:

We are heading to $2,000

Yes Indeed, Bears are getting steamrolled this week, once we take out that previous higher high price will bolster. 

Personally I use technical analysis to gauge whether the market is trending or not and to buck the trend when it's making bullish market structure would be none other than foolish. Until the previous higher low gets taken out the bull trend is still in tact.