GOLD: Flap of a butterfly's wings could trigger a bullish storm.
In this two-pane chart, I show an anomaly in Gold price i.e. it is disconnecting more visibly in the last few days. Yes, this sometimes happens for no obvious reason. But in the context of a major push south on stockmarkets in the last 48 hours, it could be significant.
The other problem is that the US Dollar is heading into a level of cross-header resistance in possibly the start of a head and shoulders pattern.
It's possible that US Dollar may head south, which could enhance already bullish moves that are disconnecting.
I can't know exactly what's what. So, I've taken a controlled affordable loss (alias stop-loss) - that's all I can control.
This post is speculative. Your losses are your own if you trade a live account.
The other problem is that the US Dollar is heading into a level of cross-header resistance in possibly the start of a head and shoulders pattern.
It's possible that US Dollar may head south, which could enhance already bullish moves that are disconnecting.
I can't know exactly what's what. So, I've taken a controlled affordable loss (alias stop-loss) - that's all I can control.
This post is speculative. Your losses are your own if you trade a live account.
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