Gold is edging higher. As predicted, we are running into resistance from a cluster of levels in the $1780's. This is confirmed by red triangles on the KRI at $1778 and $1784. We have one more level to go at $1789 before we are able to test a previous value area beginning at $1795. The Kovach OBV is still strong but appears to be wavering. If we retrace, we...
Gold has begun the month of July with a massive selloff, giving up the 1800's entirely. We saw support at 1815, but that was quickly faded and we broke through to the value area between 1795 and 1815. However, 1795 did little to provide support and we have collapsed further to support in a cluster of levels between 1784 and 1795. It does look like we are...
Bonds have soared as risk off sentiment prevails as the Ukraine conflict intensifies. Russian forces are bearing down on Kyiv, the capital of Ukraine and civilian casualties are mounting. ZN has blasted off from highs at 127'08, through 127'22, and well into the 128 handle. We have cleared 128'01, the first level in the 128's, and have just broken through...
Hi Guys,
the top made when price hit 200SMA diverge a little with RSI.
Lower band of light blue area may be last line for support for the distribution period B to C to continue.
Need to consider that retracement of AB may be completed.
Price is forming 3-3-3 moves inside violet TR.
B was formed due to uncertanties iro US-China negotiations and possibly...
2016, the year of the Risk-Off Asset
Historically Gold has performed +10-20% in the 6 months into US Presidential Election years AND also by longing Gold on this pull-back it opens up the opportunity to benefit from the potential tail risk that the UK votes to "Brexit" in which Gold will likely trade through $1400.
Gold is one of my favourite plays for 2016 for...
