Comments on: Market Recap for May 12, 2016 https://rightsideofthechart.com/market-recap-for-may-12-2016/ Stock Trading, Investing & Market Analysis Thu, 09 Mar 2017 02:19:47 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: dan123 https://rightsideofthechart.com/market-recap-for-may-12-2016/#comment-1555 Fri, 13 May 2016 13:35:55 +0000 http://rightsideofthechart.com/?p=171375#comment-1555 Great update Randy, thanks

]]> By: rsotc https://rightsideofthechart.com/market-recap-for-may-12-2016/#comment-1554 Fri, 13 May 2016 12:37:16 +0000 http://rightsideofthechart.com/?p=171375#comment-1554 In reply to pangblood.

A move back to 1285 is certainly a possibility as gold is still within the wedge pattern although based on where prices are in relation to the apex coupled with the posture of the macd & rsi, I favor an imminent breakdown in both gold & the miners as in no bounce to 1285 before that happens. Again, anything is possible but a bounce to 1285 just isn’t my preferred scenario.

]]> By: pangblood https://rightsideofthechart.com/market-recap-for-may-12-2016/#comment-1553 Fri, 13 May 2016 06:48:03 +0000 http://rightsideofthechart.com/?p=171375#comment-1553 @rsotc
Randy, great update.
I have a question in regards to Gold, what is the likelyhood of gold retracing back to 1285 before breaking down further, this is the 0.618 fib entrancement off the all time highs.
I think this level would need to be tested before heading much lower. What are your thoughts? Of course this would still be bearish.

]]> By: toby https://rightsideofthechart.com/market-recap-for-may-12-2016/#comment-1552 Fri, 13 May 2016 00:39:22 +0000 http://rightsideofthechart.com/?p=171375#comment-1552 thanks for the update!!!!!!!!!!!!!

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