Comments on: US Dollar Falling Wedge Pattern With FOMC On Deck

By: becky

becky — Wed, 16 Dec 2020 17:21:30 +0000

In reply to Jeff Vandenburgh. I think I'd buy it back if it comes back to 573 and forms another divergent low.

By: HermonMunster

HermonMunster — Wed, 16 Dec 2020 17:04:17 +0000

waiting for FOMC and stimulus news.Plenty of stocks with crazy charts that need to come back to reality. Check out the weekly chart of TNA. Price has been above the bollinger band for 6 straight weeks

By: Jeff Vandenburgh

Jeff Vandenburgh — Wed, 16 Dec 2020 16:47:49 +0000

In reply to becky. Yeah, I got stopped out of wheat again. I think I’m done with that one. The chart pattern looked constructive, but I’d probably be better off in other commodities. So many commodities have already had big runs in anticipation of inflation in 2021. Maybe some of these commodities are really done for a while. Better for precious metals if the other commodities take a break.

By: becky

becky — Wed, 16 Dec 2020 16:23:50 +0000

/ZW is bear flagging. It was fun while it lasted.

By: becky

becky — Wed, 16 Dec 2020 16:16:57 +0000

In reply to toddabauer. Come on weak hands. Hold it. :-)

By: Jeff Vandenburgh

Jeff Vandenburgh — Wed, 16 Dec 2020 15:22:42 +0000

In reply to toddabauer. I closed a long gold position that I bought at the lows a few weeks ago, and I deeply regret that decision. If you have good trade location, I would hold.

By: roger_guerra89

roger_guerra89 — Wed, 16 Dec 2020 15:10:29 +0000

In reply to toddabauer. closed!

By: toddabauer

toddabauer — Wed, 16 Dec 2020 14:57:12 +0000

So what does the community want to do…. Should we close out our GLD positions until the meeting later today??

By: Flanny3

Flanny3 — Wed, 16 Dec 2020 14:04:32 +0000

yes, they have been eroding the US dollar for sometime. a dollar aint what it used to be.