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mortdiggiddy
Nov 12, 2018 8:13 PM

Short Gold  Short

Gold/U.S. DollarFXCM

Description

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.
Comments
EIP-EverythingIsPlanned
why r u bearish? any reason?
MGoldenberg
@yshashmi37, Bollinger Band breakout
mortdiggiddy
@yshashmi37, The most bearish time for gold each year is November to December 15, right up to the last FOMC Statement in the middle of December. You can go back many years and see this.
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