Long Gold For U.S. Market Open
Due to the shortened trading session yesterday, a big swing up in Gold was muted, in-part of the U.S. having limited trading hours on the futures markets.
Based on the technicals, it seems like Gold has put in a bottom for now and is undergoing a short-term trend-reversal. Until it trades at 1336.8, I'm neutral here (long position but neutral outlook for it).
The CM Williams VIX Fix is showing that a temporary bottom formed a few minutes ago. Around 1336.8, we should see the money flow turn positive (CMF)..from there it could rip for a bit. we'll see.
Based on the technicals, it seems like Gold has put in a bottom for now and is undergoing a short-term trend-reversal. Until it trades at 1336.8, I'm neutral here (long position but neutral outlook for it).
The CM Williams VIX Fix is showing that a temporary bottom formed a few minutes ago. Around 1336.8, we should see the money flow turn positive (CMF)..from there it could rip for a bit. we'll see.
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