Nemo_Confidat

GOLD - 8hr.; Short Interests @16 year high!! Here is what to do.

Nemo_Confidat Updated   
COMEX:GC1!   Gold Futures
GC1!

Here is the G/S (Gold / Silver)


... and here is the USD - DXY

Comment:
"... and the only thing that goes up during a (stock market) crash is correlation. "
- Which also means that gold will take a dive, at least initially.
Comment:
Comment:
Comment:
Comment:
... and here is...
... JNUG - Junior Gold Miners Index 2x Bull
Trade active:
LONG - Target: 1975
Comment:
Trade closed manually:
Scratch.
Comment:
Trade active:
Massive SHORT
Comment:
There is your Stop Hunt!! Beat it up like a red-headed step child!!
SELL, sell, sell!!!....
Comment:
Here is the confirmation...
... by the G/S.
Comment:
Boom!! Whaaat uuuup?!... It ain't Gold ;-)
Trade closed manually:
FLAT, for now. +$100
Still ultra-SHORT JUNG.
Comment:
Recognize a Stop Hunt (or, as in this case, two) when you see one!
Trade active:
SHORT
Trade closed manually:
+$20; FLAT for now.
Comment:
Comment:
No place to go but to continue Down!

This is just better played from here;
www.tradingview.com/...ready-to-sink-again/

... and especially with this;
Order cancelled:

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