Gold FuturesUpdated GOLD - 8hr.; Short Interests @16 year high!! Here is what to do.
GC1!Here is the G/S (Gold / Silver)
... and here is the USD - DXY
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"... and the only thing that goes up during a (stock market) crash is correlation. "- Which also means that gold will take a dive, at least initially.
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... and here is...... JNUG - Junior Gold Miners Index 2x Bull
Trade active
LONG - Target: 1975Note
Trade closed manually
Scratch.Note
Trade active
Massive SHORTNote
There is your Stop Hunt!! Beat it up like a red-headed step child!!
SELL, sell, sell!!!....
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Here is the confirmation...... by the G/S.
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Boom!! Whaaat uuuup?!... It ain't Gold ;-)
Trade closed manually
FLAT, for now. +$100Still ultra-SHORT JUNG.
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Recognize a Stop Hunt (or, as in this case, two) when you see one!
Trade active
SHORTTrade closed manually
+$20; FLAT for now.Note
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No place to go but to continue Down!
This is just better played from here;
... and especially with this;
Order cancelled
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.