GLD is in a stronger position with a higher low above 121, the Major. This is often a powerful pattern.
Gold has closed the week in a weak position
Cash Gold has closed the week in a weak position back below the major poc.
Are safe haven charts providing any clues for equities?
Are safe haven charts providing any clues for equities? U.S. Dollar The U.S. dollar is often a safe-haven in times of stress. Stocks have fallen since September and the US Dollar Index has surged. What is interesting right now is the fact that a reversal for the dollar versus GBP and EUR is looking like […]
Gold GLD has reached Major Resistance
GLD has reached the Major Resistance at 121. Time above this level would be a stronger LT position.
USO (OIL) still in weak position
USO (OIL) still in weak position
OIL (USO) remains in a weak position
OIL (USO) remains in a weak position
GLD failed at Resistance
116.0 has been clear Resistance this week and previous week.
USO – Oil ETF breaks Support today
USO has broken below the 11.41 Major Support today.
GLD 23rd November 2018
GLD 9th Nov: This week the 11 month controlling price migrated to 116. Price below that level is weak location.
GLD 16th November
Time above 116.0 would put GLD in a stronger position