Main chart is monthly chart during 2011. I'll post different time frames below. **not a trade, or advice, just reference while the markets rest.
COT report still showing a large number of shorts that were only added to after Brexit. Hedges? Or smart orders looking for the bottom before overbought markets correct. There's a lot of market profits to be pulled and after US election conventions we could see a big change helping to fuel metal's new bull path.
I closed larger shorts at 1327 to now scalp to see if this was the bottom and we go up or we continue down to 1320, 1308, 1300... Trading with minis until confirmation
Still watching where this goes. I'm trying to get better at looking at bigger picture vs relatively small moves based on small news.
It's important to step back from the 5min, 15min, hourly and daily charts and take a look at the bigger picture. Not a trade chart, just wanting to share. Open to thoughts.
Watching this range in this maybe of a flag pattern. Let's see how it continues to play out. So far, the bear sentiment hasn't made any real impact here. I'm holding longs from 1255, 1333, 1355, and 1366 looking so I can ride out the movements like today's pullback. Don't get trapped too early by buying the movement, buy the bottoms here. Ranging is funky so...
Watching the consolidation after a bull channel followed by a huge increase quickly followed by profit taking back into the channel. Watching a pendant form to see if we can break higher.
Neutral for now until showing down trend confirmation. Strange how it's higher this time of year for the rest of the world vs norther areas (such as north US shown blocked here).
Yellen's disruption had an impact but Brexit/Bremain was stronger to get it back on track.
Just a quick chart showing Gold, Oil, DXY, and faintly, the DOW and NASDAQ.