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The Technical Take
...Gold is under pressure.
... a store of value, indeed.
Stocks Crash, US Dollar Rises and Gold Takes Off
...is all about the odds on this one.
...the bloodbath continues
Gold Sells Off Sharply.
...the "problems" are NOT going away.
... what have we learned in the past month?
...do we finally have some light at the end of the tunnel?
..and the world careens into chaos.
...are we on the comeback trail?
...as the target comes in to view.
update
...presented without comment
when stocks crash and cash is King - Gold counts.
yesterday's sharp rally retraces - but holds.
...the rally continues, apace
...a barometer of something larger?
...market settles down into $100/bbl territory
...Gold Climbs 2% as Oil Gains over 6%
we've made it to $24.31
after a late Friday rally
...bumping along the top.
...the length hasn't gotten their invasion.
up, then down, then back to $1860.
...after some truly heart stopping action
...out third scalp got covered.
... and gaps higher
...as expected - the same 'ol action
...is it time to sell again?
...it's the same 'ol story
...as a sell-off looms
...in our view - yes.
...as we head into the end of the month.
...the spec short worked...as the Goldbugs rage
...as the International situation deteriorates.
...but the horizontal holds - so far.
...are we starting a rally or fading?
...no let up to the buying.
...looking for the next breakout.
...after a strong run
...the bulls keep right on charging
...was that the pullback?
...the launch pad was real.
...Geneva Talks Could be Short-Lived
...the rally is not abating...it is developing!
but can it maintain?
...the strength continues
2022 looks like the year for Crude Oil action
...a pause in the action and a time to re-assess.
...as the 50-day Moving Average falls
...in the run-up to the New Year
...the Bulls are getting emboldened.
...now for the tough part.
the market sells off, but the horizontal holds.
the new trend line
...paint drying sessions resume
...everything on hold waiting for the "Number"
...the Power Uptrend is holding for now.
...could the worst be behind us?
Gold listless, while the turmoil rages.
late bounce takes us to the edge of the trend line.
...and what it's telling us.
...no sign of let up for the Bulls
...yesterday's potential reversal fails.
...after yesterday's "surge and swoon".
...horizontal support in play.
...while equities collapse, and oil drills down, Gold cruises through the maelstrom.
...the market clears; and the USD rally picks up where it left off.
... this pattern will likely be repeated.
... the market remains unsettled and is best avoided.
no sign of let up in USD charge
up over 1% this morning
Euro below 1.13
...as the downtrend reasserts itself
...our Power trend is over...but the market remains bid.
....trading the Bull market
...after a momentous day.
...for a new market.
the clock is ticking on this recent rally
after another positive day.
...we are at an interesting juncture.
...after a solid Friday finish.
...a mixed picture on an important Friday
...are we starting a new era of volatility?
...after the deluge...a new uptrend in development?
laying out the Silver stall
... is the longer term picture finally coming into view?
...the discipline pays off.
...after a near=perfect bounce
...but the bounce doesn't stick
...consolidating the energy in an up-trending market.
...in the face of an adverse formation
... the chart formation is highly positive for further gains.
...as the Channel looks ready to fall.
...after a strong run.
...our 'cautious optimism' proves founded.
The Friday Follow Through didn't happen - but the market is consolidating.
...but look likely to charge again.