Golds been on a run to the bear side, and I have to admit I didnt see this one coming and have tried to catch the bottom multiple time to no avail. However, I think I may have an idea of where the pain may show signs of stoping.
The Dollar index also shows signs of a slowdown followed buy one more play to the bull side for a cycle ...
CMCLF looks substantially bullish both short term and longterm. We are also currently trading really good entry levels.
Below is the longterm picture. If we stick to this picture, trading this will provide great opportunities to scale the position size up as the play builds.
These two both look to have some bullish life in them. The DAX and the US indices also seem to have some life, but these are my favourite picks. On the other hand the Shanghai Composite SHCOMP still looks dire.
Here is the DOW:
The consolidation seems over to me, and we may be at the beginning of a 5th-wave for a cycle completion.
If theses the case, I would advise that one entered into a slower longterm trade and also uses the phase of the cycle to capture shorter term trades.
Additionally, the whole trade war rhetoric might be driving the rise in this commodity as nations and ...