Gold update

Last buy was at 1285$, check this update for previous comparison . We have been tracking that chart for several weeks now. I have had a Intermediate target of ~ 1550$ based on that chart and my signals. This week we had a turn on our IT and LT frames. I have a sell signal on daily and weekly time frames right now on Gold from a buy previously.

 

 

The best case for a bull right now is that we could be a in a chop. Unfortunately, I will take my signals. My stop is ~ $1,350. GDX is in a much worse position, BTW, obviously due to the recently sell off in the equities. 

 

All timesframes - Sell

 

 



Market update

Previous update here .

VST - turned bearish this hour

ST - Still bullish, losing steam

IT - Bearish

LT - Bearish

VLT - Bullish

 

GDX, GLD, /GC

 

VST, ST - Bearish

IT - Bullish but on edge

LT - Bullish (next update will be at end of week, last LT buy was at 1285 - /GC with a 3% stop)

VLT - Bearish

 

Market update

ST & VST & Very Long term - Bullish

Rest of the time frames  - Bearish



Netflix Inc. & Tesla

 

From the above Fib sequence charts, it should be very clear what the 1st targets for the current trend are. TSLA had a slight overshoot in its frothiness at the 161.8. Trend change before the support lines? I highly doubt it. But, will keep you informed if trend changes.