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In an upward wedge. Went short at resistance today but a safer entry on wedge break.

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Here we are at the top of another GDX channel... I went short today for the gap fills under, but I expect when price violates the channel to the upside she'll get a very nice pop.

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GDX Beautiful upward channel on the daily. If touches bottom of the channel and bounces, GO LONG. If it breaches the bottom of the channel: - WAIT for channel bottom retest and then GO SHORT or - Gamble on correction momo and GO SHORT PTs are based on height of channel, nearest price gaps and fibs

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PT1 43.05. this is an inverted h&s within a shoulder of another inverted h&s ... PT2 52.07

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inverted H&S PT 95.76. Long dollar / short gold

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Because there's no agreement and because there is no oil strike this makes no sense to me ... BUT we are going UP so I'm gonna put my money where my chart tells me to. PT 45.13

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Inverse H&S leads to double top? May gap up tomorrow and then correction really begins... or we keep on truckin' on fumes.

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LEFT CHART Oil: I expect oil to hit the top of longterm channel (orange line) where it will likely be rejected softly, then break it again and retest... at about that point the 20DMA may cross the 50DMA which will cause a strong surge (like the past gold rush)... my PT 36,09 but could be higher. MIDDLE CHART Gold: Looking for a possible H&S here, with a breach...

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On the left was the most similar gold spike I could find in 08/2011... I expect a similar retrace here boosted by the possible SPX reversal candle on Friday. Should SPX momentum continue, gold may go to 1140ish before I do a reevaluation.

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Chart shows daily reversal candles inside of bull flag PT 2.27