$VIX Explodes as the Market Crashes

Yet markets recovering in early Asian trading...

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#Gold main Trend Up, but Momentum Trending Lower

"main trend is up according to the daily swing chart, however, momentum has been trending lower since last Thursday. A trade through $1788.80 will signal a resumption of the uptrend. A move through $1576.00 will change the main trend to down.

"The new minor range is $1788.80 to $1666.20. Its 50% level or pivot at $1727.50 is potential resistance. Watch for aggressive countertrend sellers on the first test of this level. They are going to try to form a secondary lower top.

"The short-term range is $1576.00 to $1788.80. Its retracement zone at $1682.40 to $1657.30 is potential support. This zone helped stop the selling pressure on Tuesday at $1666.20."

Read the whole analysis here: https://finance.yahoo.com/news/gold-price-futures-gc-technical-050734016.html

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Upside-down, Right-SideUp #HeadAndShoulders: Mixed Technical Picture for #Gold

The upside down #HeadAndShoulders Will take us where?

http://schrts.co/UeAvkAkv


Are we seeing the beginning of a #HeadAndShoulders here?

http://schrts.co/TugdrQWc
Should be an interesting year ahead....
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