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David_Warren_Ellison
May 27, 2021 3:07 AM

Double Bottom and RLCO Crossover: Gold is ready to Roll Long

Gold FuturesCOMEX

Description

Gold has formed a double bottom (higher low) on the 30 hour 2 STDV Bollinger band. In addition, in a configuration with a high rate of success with Gold (and ES, Bitcoin, but not most FOREX unless it's commodity associated FOREX like the Ruble, NOK, or MXN), the 10 hour regression line has crossed over the 14 hour 0.2 stdv bollinger band (an improved version of the traditional RLCO crossover system designed for shorter timeframes). The signs point to a breakout.
Comments
David_Warren_Ellison
Trailing stop flipped around 1901

Looks like the breakout failed but hopefully anyone who did this trade got a few points

I actually set my next buy almost 50 points lower. Will post a write up of the new trade tonight
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