Short

Snakey Moves or Sneaky Moves ??? Update !!!

Updated

Glass ceiling Golden Dome is Shattered !! Volume i s selling off !!!

Major negative divergence in the PM metals has developed it could be a bearish trend has developed ???

Gold is in a negative Bias state it has not developed a trend !!!

I will keep you posted after i do my final analysis for the evening . :-)

Note

Gold went up the last six hours of the trading day, due to primarily two different fundamental reasons:
1st) early in the day poor economic report of the U.S. & dismal Jobs report.
2nd) Old McDonalds statement of delaying the presidential election.
I believe in making the point of fundamental catalyst's driving down the DXY today being the root cause, we can now assume it will not stay down for a extended period of time without bouncing back up in the very near future. :-)

Note

Gold & Miners of PM still showing a strong negative divergence & have for quite some time!
I believe i mentioned on more than one ocassion about Negative Bias in my comments even before this Repost i show below in June?
Repost from June 24
Comment: Miners having a negative divergence with the fantastical high Gold price at this time & juncture !!!

Note

If the statement above being the case i would reframe from going head long in PM Miners and or miner Etf's . i would move with extreme caution & apply SL where feasible practical and logical! :-) There will be ample opportunities in the up coming Raging Bull Market to profit from, for years to come. When the PM Miners cycle swings to a positive Bias, should be a more intelligent choice. :-)

Note

Overnight in the early AM hours Gold set a new historic high of $19.83.11 Spot price!
Very impressive to say the least. I'am still holding and have been adding to my short positions as a swing trader only ??? ((( I will be suffering some pain but it will be acceptable in the grand Scheme of things as {Gold lie's} in wait.))){No pun intended.}

I do Believe the Risk (Reward) in my case is acceptable, or in my recent true today inclusive is Risk (Loss) until Golds has a healthy Pull=Back.

Note

Gold Miners & Etf as well as Silver's have swung back into a Positive Bias Mode this morning with Gold's Fresh Historical High> I'am kinda contrarian on Gold staying up for to long before heading down some in the very near future.
Any-how, As always Good & Fruitful Trading :-)

MEGALO1

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