GC/GLD - Save this Chart

Updated

If GC/GLD doesn't breakout within 2016 - I will stop posting charts. I do not have any faith in FIAT currencies. If there is anything i believe in is the currency will have to get destroyed. JUST NOT YET. But beware.....

Doesn't mean that I will trade only bullish here, The Gold will get volatile, creating a lot of opportunities. AND we rock and roll with the market. catch the mid swing and flip it back and forth, within the channel.

There may be a quick flush - Trapping shorts .

This is multiyear plan. Not interested in what is happening tomorrow.

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HOPE, People are still aware of this chart. Got 13 more months

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1 More year to go. Still Range bound. For smart Options traders, they can trade PCS / naked puts (go 1.5 SD out) and wait to get assigned, reducing a over all trade cost.

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Hitting the Channel, Expect a consolidation on daily chart to digest the huge move. Keeping an eye on Gold.

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Shorter Term Setup -

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Future Indicator release -

It does produce some random noise, still working on optimizing.

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Foresight of the drop, Pointed out a good short coming up last week. All with the Help of MATH.

How to hedge main position against counter trend move with options? Its called Defending with Options. Google it, there are people who did some nice videos. Worth building the basics.

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Options Defense ---> banking credits. Although Caution on your defenses, Flag pattern forming.

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Just an update to show the indicators on the original chart

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I guess, I am done defending the idea, Now the chart reality has been painted..

UDAY_C_Santhakumar

Uday C Santhakumar

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Gold Cost of Production (2014) = $1125

by UDAY_C_Santhakumar

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