Gold traders are excited about a breakout, but we can see clearly that Gold is approaching strong resistance and the dominant trend remains down.
Gold has been down off the major high in 2011 for eight years so far with the Gold bear market to continue.
Weekly
For those that really want to chase after the last little bit of this Gold rally, Silver may pop better short term, but Silver is extremely weak and should hit $10 on the next down leg into 2020.
ReplyDeleteto long term for me
DeleteI haven't been interested either.
DeleteVolatility is the best market, so that is where I have been focused.
DeleteGold is bearish, although not as bad as I anticipated. Silver is every bit as bad, the biggest bear market of them all!
ReplyDeleteI think there is a little more but look to short Gold $1500.
ReplyDeleteSPX dipping into quarter end. The first quarter was strong, but this quarter only a small gain. 3rd quarter next, down, in the red.
ReplyDeletewith the vix up .60 cents i thought we would be up 1.20 on uvxy?
ReplyDeleteUVXY up to $33's as expected. $30 next.
DeleteSVXY dipped to test the 50 dma at $53. Enough support to keep it afloat for the short term.
DeleteSo you look up for a move back Up SVXY
DeleteSVXY pop a few dollars
DeleteUVXY has formed the trading range as expected for this week.
Deleteare u dumping uvxy to buy it back cheaper or are you holding and averaging in
DeleteEither strategy works.
DeleteUVXY $30 to $33 trading range for now. Expect $27 in July. Then $50.
Gold just doesn't have much going for it. Trump threatening Iran, and that's a smart strategy, Trump is wild enough to take seriously, but Trump is a businessman and wars are expensive.
ReplyDeleteThe planet has never been more peaceful than now. No wars.
And how does Gold compete with Bitcoin. It can't.
$33.67 UVXY today. 8 pennies from target.
ReplyDeleteSCJune 20, 2019 at 11:33 AM
"Strong reaction today for UVXY off the April $30 low. UVXY might pop a little here to $33.75 or so."
dumped uvxy33.50 and spxs at 18.78 gonna buy back in july or at 30
ReplyDeleteSC: are you always waiting a pull back around 2810 and then run up to 3000 for S&p500?
ReplyDeletethe minimum during the first week of July?
many thanks
SPX looks like it can see 2900 tested a week from now, but expecting a high middle of July. It's down from there to 2,810 easily and lower.
Delete3,000 will be tested eventually but I don't think SPX will be strong enough in July to do it. So pullback for a few months next.
Don't get old waiting for Gold!
ReplyDeleteInvesting online has been a main source of income, that's why knowledge plays a very important role in humanity, you don't need to over work yourself for money.All you need is the right information, and you could build your own wealth from the comfort of your home!Binary trading is dependent on timely signals, assets or controlled strategies which when mastered increases chance of winning up to 90%-100% with trading. It’s possible to earn $10,000 to $20,000 trading weekly-monthly, just file a complaint with Mr. Carlos, I had almost given up on everything about binary trading and ever getting my lost funds back, till i met with him, with his help now i have my lost funds back to my bank account and I can now trade successfully with his profitable strategies and software!! Email: investandearnbinaryfx@gmail.com or whatsApp: +1(424)285-0682 or telegram : @IEBINARYFX
ReplyDelete