Which way? A Gold Timing exercise

[Overnight]

A nondescript day for gold, narrow range indecision, majority of gold stocks gapped down but closed above their open.
Using superficial TA and gut feel, gold may be at a turning point as it's close to support but I wouldn't count on it due to the nature of this animal.
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Wrong animal analogy for gold. Might I suggest...

 

[themickey]

One thing about gold, when it's in hibernation it's frustating and will test your nerves, but once a serious rally underway, due to the bs hype this commodity undergoes, it really hits the straps.....

 

[themickey]

This is where I became a large position bagholder, anticipating a breakout @ 1950.
Doesn't pay to lead this horse.

 

[themickey]

Not gold related, but US markets could have a bloodbath today Friday.
Gold however most likely turn green.

 

[themickey]

Not gold related, but US markets could have a bloodbath today Friday.
Gold however most likely turn green.

As expected, but gold remains weak, unconvincing.
Expecting a bounce in mining, energy, Financials.

My outlook on gold; not going anywhere in the short term.

 

[themickey]

Friday's bloodbath SPX, but not too serious.

 

[themickey]

Crude futures, expecting a bounce...

 

[Handle123]

I got stopped out on Energies today on last add on positions, but bought the close/hedged.

Was long term short Indexes/hedged and lifted the hedges, hedged my stock position with ES contracts. Very fun day. Made first targets on 10% of position, have better than breakeven stops on the 90%.

 

[Overnight]

View attachment 271909
Crude futures, expecting a bounce...

Seems that pump prices should be down about 20 cents/per gallon this weekend at the pumps, since RB for Jan delivery is down 27 cents or so.

 

[themickey]

I'm going to be out of action for a day, therefore unable to make a gold call Monday US time, but it appears atm to be drifting upward.