Hope that investors realize this sooner or later and make smart decisions.
seems like Rocket Man knows how to help the dollar destroy itself. 1290-1300 support/resistance held so def a strong long signal for Gold and a bright future for the yellow metal with the QT on the horizon that with a high % will not end well
This next week will be interesting.
the support around 1290-1300 must hold for this breakout of the long term triangle to confirm a major move up is on the way late/early 2017/2018
Watch for the outcome of the possible flag
Looking very Bearish 1day timeframe so this is what i currently think
Pay attention to what price does with 92 neckline resistance/support long term short for DXY to the graveyard
XauUsd to 1317 confirmation with rsi macd stock div then the a bigger move up
Short correction the most likely option here considering RSI among many things, although u never know with Kim and his candy / geopolitical things. DXY is on the brink of falling down from neckline of 92. If prices continue down under 92 then there is nothing stopping a stock market correction / gold surge imo considering all the surrounding variables within the economy
Not 100% smooth H/S pattern but still something to consider
Gold miners are dirt cheap right now. Don't know how much the stock market crash will affect the miners so perhaps better to buy after that but still.
The Stockmarket relation to VIX is inverse and strong. Biggest Stock market crash ever is coming in a not so distant future as you can see. Politics, world economy plays into this as well ofc but just based on this indicator alone u probably want to get out of the markets now. Insiders have been selling huge amounts the entire year.
Also look at macd 4c...
Dollar dead?
No liquidity, no volatility, Debt ceiling... Long Term Short
Ofc, Gold will make corrections but anyone truly believing in 5th leg 1180 now after breakout out from 7+ years triangle Resistance That now is Support would be insane considering so much trouble coming up in late September: Debt Ceiling, Healthcare, North Korea, Tax Reform. My take here is based on probabilities for placing stop loss going long. Also DXY has...