I am usually one day early on rebuys, as I am buying today...PDG,AEM,etc.....
Take 63.26 minus 55=8.26
Multiply by 66%=5.45
Subtract 63.26 from 5.45
XAU is a rebuy in the 57.80 area...
If you look at 9 day simple moving average, we get 57.77...
Interesting too, is that the long-term trendline is holding at 58.50....
Most think TA is junk with gold, and most of the time it is, with the manipulation by central banks..But as the perception of REAL inflation grows, the masses will overwhelm the Central banks, and there will be some interesting short covering coming....
Regards, Mark
P.S. It looks like they are playing with PDG, if you can get it close to 8.00, I would nail it... |
