Smart Investor

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[Smart Investor @star_analy51780]

@potassium_phd I think 50% correction level is more around 4770. Please double check the calculations

[Smart Investor @star_analy51780]

@DVSignals The problem here is that gold and silver are not giving any chance for a correction or for a decent entry. They will close almost at entraday high with no hammer wicks. Strength indicators are overbought, yet no signs of weaknesses. Am I FOMO if I add here some physical?

[Smart Investor @star_analy51780]

@KobeissiLetter The Treasury intervention is dated from 2 days ago. Where were record deficit spending, elevated inflation when gold fell from 5600 to 4000. This is a real question!?

[Smart Investor @star_analy51780]

@Hergastul The problem is that the price action is not giving any change for entry!

[Smart Investor @star_analy51780]

@Hergastul So are you saying that it will not probably test the 50% retracement at 4320 again, with the new range being above 4300?

[Smart Investor @star_analy51780]

@Hergastul @DavidRenanTrade Nice. Happy for you. I am still waiting for pullbacks...

[Smart Investor @star_analy51780]

@Hergastul 4420 is a fibo 50% level between 3940 and 4890

[Smart Investor @star_analy51780]

@potassium_phd Rates are rising, DXY is higher, oil is jumping. Real rates are higher. Stocks are down. Yet gold increases 1% and silver ripping 4%. What is happening here?

[Smart Investor @star_analy51780]

@Hergastul The right chart is on weekly bases. Seems good for insights

[Smart Investor @star_analy51780]

@Hergastul Check the attached photos. Those from BoA one of the paid reports from 2 weeks ago. Check the bouncing - green arrow.... Wave Y you is not complete yet!

[Smart Investor @star_analy51780]

@Hergastul Totally agree. Appreciate the non fomo!

[Smart Investor @star_analy51780]

@Hergastul And do you see here a clear bottom? Or price may drop again below 3900? I see there is too much fomo and it may be a bull trap!

[Smart Investor @star_analy51780]

@Hergastul Thank you. What are those 2 green lines? MA? And same for the orange lines?

[Smart Investor @star_analy51780]

@iGlobalGold Why are you using linear scale instead of exponential? The trendline touch points will change.

[Smart Investor @star_analy51780]

@TheSqeakyMouse "40% decline from the highs": 5600

[Smart Investor @star_analy51780]

@SangamAgarwalFX I still remember when you made a video like 2 months ago about how 4500 was a very strong support line. And here we are now at below 4000.

[Smart Investor @star_analy51780]

@potassium_phd What do you think about 45 silver down to 40$? Is it really possible?

[Smart Investor @star_analy51780]

@iGlobalGold I also think that the bottom is already in. But I have no evidence.