Gold update

Previous update here

 

VST/ ST/ IT - Bullish (Daily charts turned bullish on Friday)

LT - Weekly charts still bearish...

VLT - Bearish

 

 

Last many weeks gold has been chopping both bulls and bears.....

Market update

Previous market update here

 

 

 

VST, ST - turned Bearish

IT - Bullish, hold

LT - Bearish

VLT - Bullish

 

We have closed VST, ST positions earlier this week. We do not wait for the signal turns to close ST/ VST positions. Read our "Introduction" section above, for better understanding of our methodology. IT positions have a 3% stop from open. This ST bearish turn could easily become a IT bearish position, I will update when that happens. GLTA!

 

 



Market update

Previous update here .

 

 

VST, ST - Bullish, hold

IT - Turned bullish as of Thursday's close (stop 3% below Thursday's close)

LT - Bearish

VLT - Bullish

 

We traded the gyrating ups and downs of the market swings very well. I, infact tweeted live all my moves. I expect the market to continue to be volatile, I expect much downside or at best choppy. But, since I will only take my signals and not let my bias affect my trading, I will disregard the "general talk". I will update any changes in the market directions. GLT All!

 

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