they are trapped in silver longs. almost half of their desk was buying silver from 82 to 120. now they are trapped in that trade

Gold with No Drama

lot of silver longs getting crushed. this might be helpful for gold in the long term

Gold with No Drama

it looks like silver is dragging gold. 71.21 is support for silver. i hope it holds.gold has to bounce to 4400. for that silver has to rally 73

Gold with No Drama

then we will close the gap at 4100 and then 3750 which is US-china trade deal low

Gold with No Drama

here you go. all the levels on the chart. but i repeat if markets dont catch hold of 4380 today or tomorrow forget abt that level. we will get a good spike

Gold with No Drama

possible and if it hits it will be a panic selling turning into a buying opportunity

Gold with No Drama

having said that if we dont touch 4380 with the momentum we have it would be massive disappointment for the bears and they will cover which may lead to a big rally

Gold with No Drama

another 66 dollar fall from high. so combined two days we have fallen 160 dollars. 4380 may or may not come. some are talking abt 4100 as well. max i see is 4272. i dont think gold is ready for sub 4000 yet. gold and silver are probably moving first ...

Gold with No Drama

again exactly happened like i said. gold has bottomed. dollar is going to get crushed now

Gold with No Drama

depends on silver what gold does now from here. if silver cracks and drops another 2-3 dollars gold will go to 4300 otherwise we have a bottom today for sometime

Gold with No Drama

doesn't it always behave like that

Gold with No Drama

said this yesterday and even from today's high to low move you captured it was 120 dollars.. now it looks oversold.. dont go for adventurous short. if silver breaks 72 all hell will break loose

Gold with No Drama

a small bounce is expected before we resume the downtrend. downtrend is intact though

Gold with No Drama

it can be a free fall till 4450. dont do counter trading

Gold with No Drama