ucsgears

GC/GLD - Save this Chart

COMEX:GC1!   Gold Futures
1942 views
27
If GC / GLD doesn't breakout within 2016 - I will stop posting charts. I do not have any faith in FIAT currencies. If there is anything i believe in is the currency will have to get destroyed. JUST NOT YET. But beware.....

Doesn't mean that I will trade only bullish here, The Gold will get volatile, creating a lot of opportunities. AND we rock and roll with the market. catch the mid swing and flip it back and forth, within the channel.

There may be a quick flush - Trapping shorts .

This is multiyear plan. Not interested in what is happening tomorrow.
Comment: HOPE, People are still aware of this chart. Got 13 more months
Comment: 1 More year to go. Still Range bound. For smart Options traders, they can trade PCS / naked puts (go 1.5 SD out) and wait to get assigned, reducing a over all trade cost.
Comment: Hitting the Channel, Expect a consolidation on daily chart to digest the huge move. Keeping an eye on Gold.
Comment: Shorter Term Setup -
Comment: Future Indicator release -

It does produce some random noise, still working on optimizing.
Comment: Foresight of the drop, Pointed out a good short coming up last week. All with the Help of MATH.

How to hedge main position against counter trend move with options? Its called Defending with Options. Google it, there are people who did some nice videos. Worth building the basics.
Comment: Options Defense ---> banking credits. Although Caution on your defenses, Flag pattern forming.
Comment: Just an update to show the indicators on the original chart
Comment: I guess, I am done defending the idea, Now the chart reality has been painted..

Comments

Nice analysis - thanks for what you have been sharing with us,
+1 Reply
another view of mine
Dollar index will make another HH but this time MACD making a LH?
+1 Reply
SPYderCrusher jangseohee
definitely can see that
+1 Reply
IvanLabrie jangseohee
Definitely the most probable scenario.
Reply
i have diff hypothesis
+1 Reply
SPYderCrusher jangseohee
tend to agree more w your view.

What makes a market!
Reply
jangseohee SPYderCrusher
Hi SPYderCrusher, bearish view or bullish view?
Reply
SPYderCrusher jangseohee
bearish
+1 Reply
ucsgears jangseohee
There is a possibility for a drop, but may not spend a long time there... Why? There will be measures to cut productions - Supply narrow down and Demand being the same, can cause the rally to begin. Infact, All rally begins with ripping trend traders, stabilize and march.
+2 Reply
this trade has been a failure for years in spite (or perhaps despite) the low correlation of returns between minors and PoG but I like the idea of finding the highest operating leverage miners and longing them on an sustainable gold uptrend, bc they will have the most meteoric margin and top/bottom line sales rises period over period.
Reply
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