Using this thread for a little over a month to practice interpreting the forecast models I recently finished configuring for gold and silver has, at this point, given me enough confidence in the accuracy and validity of their parameters and settings to make any additional entries kind of pointless. I think I’ve gotten about as much out of this act as I’m going to, so…no need to continue.
Not true (in terms of gold)! In scribbling a summary/review of how to analyze gold charts in my handwritten notes and comparing this week's configuration with those generated in the past (deleting all that were inferior) what look to be powerful nuances in the interpretation of the graphics emerged that I'm inclined to begin testing next week, such as the following...
Gold gapped up at this week's open, so that by the time it had worked its way back down to my former buy zone, it was in the process of adopting a more bearish disposition. Here is what the more immediate (faster) numbers looked like when I entered my short positions this morning. So at this point I think it IS true that I've gotten about as much out of posting entries to this thread as I'm going to. (I have one more gold put contract left having an even higher strike price with expiry scheduled for another 30 minutes from now.)
#Long After the downward movement, the pullback to the 2422-2424 area did not give continuation. There was no Supply. On the contrary, Demand began to prevail.
#GC Short in premarket, at first Sellers couldn't push the price down. then after the Highs updated, supply rose and returned the price below 2438. Supply dominated.
2 shorts 1:the activity of sellers appeared, but then a quick downward jerk and the supply dried up. 2: A pullback upward, but there was no demand. In the area of 2515-17, a reaction of sellers appeared