![]() ![]() To be sure therein, the faster daily parabolics for Gold - as well as those for Silver - had flipped to Long, sending the yellow metal to as high as 1739 and the white metal to as high as 21.31 however, both those parabolic studies have just now flipped back to Short, down from those two highs per yesterday's settles by -5.1% and -14.6% respectively. But until Gold is again (per its historical wont) taken seriously, hardly is the current trend our friend: Rather we follow our own advice that "Shorting Gold is a bad idea", something the purported paper price suppressors shall likely one day learn the hard way. That's just some 50 points further down from here, which given that Gold's EWTR ("Expect Weekly Trading Range") is now 58 points means the sub-1600s can be reasonably reached with in a week or two. case nonetheless suggests Gold dropping to around 1599-1585." And within the guise of the ongoing weekly parabolic Short trend (as we below see), let's recall what herein was penned four weeks ago upon it all starting back then: ![]() In settling out the week yesterday (Friday) at 1650, Gold recorded its lowest weekly close of the past four.
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