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Gold Is Not Done
Chaos Clinic for 1/10/2020
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Since my 11/30/2018 Chaos Clinic. Is Gold Set to Rally? gold has continued
to attract money, as it does in uncertain times. This is clear in these two charts.
The charts show the GLD Exchange Traded Fund. I use it because it is affordable in
small accounts, has low transaction costs, and no expiration dates to worry about.
That initial outlook was based on the appearance of my rainbow of EXMAs. On the chart there are
50, 100, 200, 400, and 720 calendar day EXMAs. The 50 day had turn up, and was about to cross
the 100 day. Over the next seven weeks GLD rallied, turning all the EXMAs up. That made move 1
of an up Chaos Chaos Clamshell.
From there prices sagged into the end of May. My 5/31/2019 Chaos Clinic stated that
Gold May Be Starting A Major Move. That turned out to be the end of move 2 in the
up Chaos Clamshell. Note the convergence of the EXMAs, and that the longest, the 720 acted
as a base.
The ensuing rally produce a widening fan in the EXMA, a divergence. This showed that the
flow of money into gold was increasing. The run up into point 3 was very fast. It reached
the third gold colored vibration level up from the 2018 base price. That was the result of
harmonic energy addition, and another sign of strength.
From there, prices sagged into December, in an expected pullback. Note that only the 50 and 100 day
EXMAs dipped. The 200 day remained up, again suggesting the rally is gaining strength.
I've marked that as point 4 in the CC. the fast rally since then suggest that gold is not done.
The second chart shows a longer term view of gold. Shown along the top of the chart are two
astro cycles, Jupiter-Neptune (JN) and Saturn-Node (SO). The SO cycle shows a 270 degree low
90 degree high pattern. The 270 point near the end of 2016 has a corresponding 90 high mid 2022.
The JN cycle slides in and out of synchronization with the SO cycle. The syncing can be seen
by the alignment of the 45 degree aspect marks for each cycle. They synced in 2006, and will
do so again in mid 2022. This suggests gold has a way to go before it is done.
Chaos Clamshells are taught in my Cash in On Chaos course.
A free online mini course called Trading The Chaos Clamshell
can be found at
http://moneytide.com/hans/institute.asp<\a>
For more on my work, see Moneytide.com
1/10/2020 2:05:22 PM MT Al****:: FYI: I sold 3275.75 covered for +10. Thanks for coming. See you next week. Take some courses. Have a good weekend.
1/10/2020 1:22:00 PM MT Al****:: on Chaos Clinic chart red swan down
1/10/2020 12:14:39 PM MT Al****:: potential late drop
1/10/2020 11:49:05 AM MT Al****:: on Chaos Clinic chart 110 and 220 minute EXMAs are flat;
so this afternoon does not look to me like it will have a stong trend either way
1/10/2020 11:10:25 AM MT RR:: Dr.Al, looks like low is in for today, to me, there is high probability for price action to test overnight price of 3288 area. Please guide us with any of your charts that will help me to confirm the direction of the market for this afternoon.
Thank you for your response.
1/10/2020 10:51:40 AM MT Al****:: I have placed a special chart in the Certified Chaos Trader's Room. That room is open
to graduates of my 4 main courses. See http://moneytide.com -> Courses for details.
eMylar Fractal of Pi overlays help you be patient, since they show you future potential moves.
The best bargain in my courses is to take the Cash In On Chaos and Fractal of Pi courses and
learn to use the FOP overlay. Then take Chaos Trading Made Easy, and finish with Face Of God.
1/10/2020 8:36:23 AM MT RR:: Good Morning All.
1/10/2020 8:25:06 AM MT srj****:: Good Morning AL, all. Belated Happy new year, a fruitful, healthy and a prosperous decade to you all.
1/10/2020 7:30:16 AM MT jvj****:: Good Morning
1/10/2020 6:10:43 AM MT Al****:: GM all-good luck today
Chaos Clinic posted on AUX page