Short Gold

Bollinger Band breakout as gold enters its most bearish season of the year. $GLD $GDX $GDXJ

Comment:

Trying hard to hold onto the channel and Month Camarilla S3.

Comment:

Still bearish on Day chart. Notice how we are captured between Year Camarilla S4 and S3.

Comment:

Held the channel. Stocks are too bearish and gold/bonds are one of the only ways to avoid the bloodbath in the equity markets.