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Going to need patience but i agree with everything there. There are targets for sub 4000 on the FTSE. As you alluded to in an earlier post sounds impossible but the fallout from this ridiculous lock down process hasn't even started. Add to that a 2nd corona virus wave in Autumn (we can't count against it) and a no deal brexit and sub 4000 will be on. Exciting times indeed :)
TC ... Thanks good input, agree with POG movement, theres a bit me to be in and a time to be sitting on cash.
Seen your 6250 target area, not looked since but will have a retrace at some point tonight.
DOW and FTSE100 will fall, it has to, equal low or even new low is running. Before the shift of cash on to private equity then BOOM (a while off from this point though).
Exciting times!!!
TC..... Target (heavy resistance) for the DOW at 26000 seems to be likely, FTSE100 is meandering without much meaning, needs to keep momentum at least like this in order for POG to give up some profit before the markets turn back down.
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I've revisited my charts and I think that the 6200-50 OHR on the FTSE is from a few weeks back. It's more like 6300-50 now so still looking about right for the your 1000 points gain and the FTSE 250 or so around the same time. Thanks for your thoughts on the Dow because if it pans out like I think it might that should add some weight to FTSE short.
Hi DTG - Got stopped out on my gold long, but I guess that's what they're for. Keeps me in the game but I'm not gagging to get back in. Standing on the sidelines and watching for now. Your predictions may be on the cards. It's definitely weak on risk off days and my opinion is that the West is dumping and the East is buying. However we've all seen the heavy sell off days where everything gets murdered including Gold and we're inching near to that so time for POG to get moving please.
TC..... Target (heavy resistance) for the DOW at 26000 seems to be likely, FTSE100 is meandering without much meaning, needs to keep momentum at least like this in order for POG to give up some profit before the markets turn back down.
Glad to raise a spirit or two on this not so bullish day for POG.... It keeps folk happy ??
But as for gold.... We will see!
Need a laugh today, good one grim
Hi TC.... 1717 was target low last week, today's low 1710, following the previous pennant resistance line down, seems to be in play should get a boost soon but will it be enough to push past 1755 then 1768.... Its looking unlikely but will only be a temporary high if it did which moves into next month.
By end of June, start of July we should see a significant drop start to emerge, first test is 1600 thereafter and in an ideal world would like to see a bottom above 1450.... I know this sounds drastic but this is what is needed to catapult towards the target area towards 3,000. Next major high starting 1st quarter of 2021.
The 1450 will be the base for the longer term (10 year chart) handle formation following the cup which is or nearly has formed.
The bigger the drop will create power required for the upswing (bigger top) maybe going into 2022.....
ATB
Great call on Gold DTG. Your 1717 landed today.
Most Goldies suffering today. Equity up, Gold down seems to be the pattern but equity due a correction soon imo