Gold Volatility index ready to move up . In way oversold territory and finished wave sequence into time and price target zones . What does it mean ? Gold move up or down ? That depends ... in means option premiums on GLD are set to increase . In the past it typically means an increase in the gold price which is what i am betting on here BUT there are rare times...
GLD and SLV's volatility index serve as an alternative to gold vs silver ratio. I identified a zone where once above, you are in a precious metals bear zone. Extremes have also marked important tops and bottoms for silver. This is now at a sweet spot for turn around!
Gold volatility seems to be near the lower end and we seem to be establishing a new base, a higher low at previous all-time highs around 1910. Looks to me we might bounce around for a while here and go higher in a few months, possibly sooner
Thanks for the support and I'm so happy to hear messages from all that are taking trades in alignment with the risk-mmmanagment, macro-economical, and signaling education I provide; are making some SERIOUS MONEY!!. Nothing is better than reading so much feedback form so many.
