iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
19,327 Blog Posts

Gold Continues to Leg Higher — Be Careful For Potential Head and Shoulders Top

Love gold and think it goes higher. This is just one of those trades that you’ll see me revisit over and over and over — because of the potential upside. However, fuck that shit, I’ll be damned if I’m to be caught long into a head and shoulders top.

When gold gets to 1,320-1,330 — be careful.

 

If you enjoy the content at iBankCoin, please follow us on Twitter

9 comments

  1. teslawasright

    hmm

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. swordfish00

    Half the bloggers are dead. The other half, don’t provide anything actionable… The market will either go up or down… I m looking at you Raul

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. swordfish00

    Not exactly nostradumus type predictions there.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. teslawasright

    Just wondering when gold will truly be let to reach equilibrium. 3/29 Brexit Currency reset 2019

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. edge

    David Stockman, what a tool. Claims the stock rally is all traders and robots. You can cross traders off that list, we don’t get it either. Robots only do what they’re told.
    Connect the dots.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. edge

    FWIW- The 1300 level could be taken as shoulders with the high part in between being the head.

    • 0
    • 0
    • 0 Deem this to be "Fake News"