Wednesday, October 24, 2012

Gold Futures (YG)

Here are 32 charts of gold mini size futures (YG), a 30 min chart (remember I don't have enough evidence to take a long term stance on Gold) and the 1 min chart (however I do see positive charts that look like gold could see a decent bounce from here).

 30 min futures have a leading positive divergence now.

As do the 1 min futures as gold is in a VERY tight triangle, it should break one way or the other very soon and I'm on the long side of that break.

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