We have both a yearly and a quarterly signal active at the moment. The quarterly calls for a rally to 2621.8 by Q4 2018 at least, and potential for a max target of around 3230. The yearly chart's target is 2975.7 by 2021, give or take. Keep this in mind, when blaming Trump for 'the Trump trade' or when your VIX longs result in catastrophic loss...you're just not trading with the trend. Big spikes are an opportunity to join this trend.
Weekly hit target #1, might hit target #2 shown in the chart above...Daily exhausted time and price for the last rally yesterday, VIX and SKEW alert us to hedge buying gold soon.
Long term rally might remain valid, and maybe this 3 month timeframe target that aligns with my weekly target of 2605, still weeks away of being reached, is the one that pans out...
To be safe, I'll start hedging again, ideally if we get a drop in gold after NFP, and retest monthly support around 1250-1261.