Kumowizard
Long

I've never seen a global panic without Gold spike

FX:XAUUSD   Gold / U.S. Dollar
456 6 9
Do you fear $DB, do you fear Trump, do you fear anything? I have a good news for you. I think market in general still far away from panic mode. I have never seen a global panic and stock market krach without Gold             safe haven buying. (at least I don't remember one from last 20 years)
After all, if there will be a panic, or if even there is a smallest chance that Deutsche Bank defaults, what do you think monetary policy reaction will be? :-)

Panic will start when stocks keep falling, and same time Gold             reverses back up and delivers a bullish flag breakout.

Do you remember the last few days mini panic? That was just few months ago at Brexit. Gold             was up to 1350 and 1375 then. So you can have visions of a stock market crash, and it may be even right (I have same expectation), but I think Gold             and 10y US Treasury will have to confirm.

Technicals:
Not much change since last post (see link below).
Daily ticked down exatly to trendline today, but haDelta seems to be turning around.
ATR ( volatility ) is extremely low


This is just a good risk/reward entry point to go long... who knows maybe there will be global panic soon :-). If not, the worst case is we get stopped below Kumo. No need to rush, but watch Heikin-Ashi signals carefully!
I expect a short squeeze here!
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Today Heikin-Ashi candle may signal a bullish reversal! The critical level is still 1345!
Follow my Twitter feed for more later
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Kumo,
Does this means that we are still OK, not crashing yet ?
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I say, that when you see flight to quality trades: Gold breaking higher, and Treasury yields lower, then stock market will start to panic. For now it is indecision only. Not bullish, but not yet confirming signals of a major drop.

+1 Reply
albertwt Kumowizard
Cool, thank for the explanation mate.
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