Inverse cup and handle from 127-115 area. Currently in ascending flag. Once break down occurs PT is 103-105 for $GLD. This same exact pattern is seen on the weekly in $XAU (obviously). May rise to 1235-1240 and 116.75 respectively before the breakdown. This also correlates with $EURUSD at 1.03, which I am short on as well. This month may see some moves...
Opened calls around 263 this week. Double bottom on the weekly. Inverse head and shoulders still in play. As you can see there is a higher high and higher low created as well compared to last years February time from sell off. These are some potentially powerful indicators of a move to come. The market is facing head winds with rate increases and dollar...
Weekly bull flag. Waiting for 2016 retest of highs. Target area 115 Thinking this occurs around March then major decision time, up or down? I think it will create big double top and come roaring down. BUT looking at macro global economics US rate increases and relative economic strength, EU turmoil (Malta banking, Italy/Greece debt, volatile politics like US, huge...