May drop further, but I am accumulating shares here.
Looking to play the new wedge. Long and short. Will be flat for NFP
Looking for the DXY to retrace and give me some downside to Gold. The Chart shows my plan. I will wait for a sell signal on a Micro time frame. 1300 is the desired area that needs to fail . We do have NFP in the morning and I plan on being flat for the news. Please note I will move stop to even at Target 1
Extreme pessimism. If doesn't run here, more down coming
RSI overbought and diverged, expect this index to pullback a bit (20 ~ 30%) and there may be another leg up.
A close inside BB needed to cancel volatily release
Point is to rejoin the uptrend at a cheaper price
Still positive but yesterday's candle needs attention
BB's "fish lips". Not wise to short the metals now
Must close >1,210.3 tomorrow to avoid it
Maybe exhaustion, maybe an island, maybe...
HUI (Gold Bugs Index) throws signals relative to the VIX that are pretty obvious and allow plenty of time for entries and exits. I'll describe how in a minute - before that think about the aspect of Gold trading that is a "worry trade" and think about what the VIX is. As that sinks in, you realize that gold buyers are often playing a much longer time frame than...
Notice how Gold is moving inversely from HUI -priced in small cap miners ETF- since Jan 2013. My view is it pays at the time being to be in well financed, little debt small company stocks. Ratio currently at the lower boundary of possible megaphone pattern, right below of the non confirmed yet H&S's neckline. All eyes in yellow box, wick tail of June 16th...