Wednesday, November 2, 2016

Gold - November 2016



GC 20 year weekly
- Gold is trading within its 20 year fair value range


GC 1 Year Daily
- Looking closer over he past year three defined distributions formed, all within the 20 year range
- In recent months, gold broke out from the higher to middle distribution

GC 90 Day 4 hour
- With the elections ahead, gold safe haven is being sought
- The question is will gold be reaccepted at summer highs or....
- Will gold prices fill in the Low Volume Range
- Possible swing trading opportunities
- Possible long term safe haven possibilities (but near the high of 20 year range)
- Continued Intraday trading opportunities