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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
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Dots

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Tuesday, March 03, 2015

Volatile Glitter

My gut tells me that GOLD volatility is about to hit the fan...as long as the RSI remains below the 50 level, and as long as price remains under the bearish influences of the moving average Death Cross, a break and hold below the 1200 level could, finally, see GOLD reach a potential target of 1150 or even 1000 (rather quickly), as I mentioned in my last post on GOLD.


Add a potential downside target of 7.75 for GDX (Gold Miners) into the mix, and you'll definitely see volatility spike...