JustinBilyj

JustinBilyj

I'm anticipating the FED not cutting rates - this will cause other central banks to cut, which will force the dollar $DXY up and gold down. Chart looks like a double-top is forming with momentum sliding. Again, the only way gold goes up if we start war with Iran which last week looked like it was going to happen. Doesn't look like most of the globe is accepting...

JustinBilyj Updated 

The one reason gold would skyrocket as I said before is war with Iran, and now we have some explosions in the Strait of Hormuz. $GLD will go to 132 - if no war it will drop from there.

JustinBilyj

Double-top, gold smash coming up. Sell calls or buy puts... $JNUG $JDST $DUST $NUGT $GLD $SLV $UGLD $USLV $GDX $GDXJ

JustinBilyj

Been stuck in the channel, run-up was fun. Expect a large gold smash coming - always does before it takes off. I would buy puts on a low IV miner which moves more with gold. You could also sell calls right now above that and not worry about being called away imo.

JustinBilyj

Gold is still stuck in a channel. Buy calls

JustinBilyj

50 EMA crossing down over 200 EMA, 20EMA crossing down over 50EMA - $GDX (Gold and the miners) are going down from here. TTM Squeeze on daily chart so this should be a big move. $GLD $GDXJ $NUGT $JNUG $SLV $JDST $DUST However - since 200ema is flat and double bottom forming on the chart - this week would be a good time to buy back your calls and sell puts. Since...

JustinBilyj Updated 

Reason's $GDX is about to make a move Volatility is coiled - Bollinger Bands have retreated into the Keltner Bands Trend is flat to down on the weekly, daily and hourly chart looking at the 200 EMA 20EMA crossed down over the 50EMA Price retraced to 20EMA My suggestions: 1. Sell Calls 2. Buy Puts (if the premium is there) 3. Sell Spreads 4. Buy 3X ETF and...

JustinBilyj Updated 

If there isn't a disaster in Iran within the next few weeks - gold will be going lower. TTM Squueze is coiling on 15 minute chart, 1 hour and 4 hour. The daily chart shows the price testing the 20 EMA after crossing over the 50 EMA which is a bearish signal. I would buy puts now or sell calls and buy them back in 1-2 weeks.

JustinBilyj

TTM Squeeze happening probably to the upside - pullback should be when momentum really starts to accelerate.

JustinBilyj

A quasi-TTM Squeeze happened (orange up arrow) coupled with ADX momentum peaking which resulted in gold $GLD going lower. The large wick circled shows this is a retracement to resistance before heading south again.

JustinBilyj

Previous breaches above were met with resistance (circled wicks) which coupled with ADX momentum peaking - shows this about to go south.

JustinBilyj

Momentum has peaked on the weekly chart, and couldn't pierce resistance. Hourly is about to break-out with TTM Squeeze about to go off...

JustinBilyj

TTM Squeeze breakout shows something big is happening for Gold $GLD. Buy puts and calls - double bottom with right elevated slightly shows a take-off could happen to the topside - but long term trend is still down