We have a turn up from the blue ellipse with improving momentum. Add on a move above $1760.
This is the updated chart we sent out this week where we would look to add once the contract traded above 1732.3 which we just got.
The odds are stacking up for a pullback. The comments on the chart describes what we are looking at for a trigger.
We would be adding to the June Gold Futures right here.
We are long and would be adding here as we got a buy signal generated this morning.
We are covering our gold short here as price appears to be reversing from an ellipse indicator.
We put out a note on April 27th stating we are taking a small short position in the June Gold Futures. We would keep the short on.
We would take a small short position here on the June Gold Futures.
With teh June gold futures up $100 points off the recent low, and now into an ellipse, we are taking profits on the long trade.
We are adding to longs right here.
We got stopped out of our recent short-term long trade in the June Gold Futures, and with the ellipse buy signal just generated, we are taking another long trade here.
June WTI pulled back to $24.93 today, and we had a downside target at $24.60...close enough. We would be taking a long trade here with a stop just under $24.75.
The pullback from ourMFU-4 target was -4% into a low at $1716.40, just under our $1717 target.
We would be short for a trade into the $24.60 area.
We had a sell today in Gold bullion when it came into our MFU-4 target of $1790.