Gold's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in the The Matrix for subscribers.
Primary trend (LeadM) alignment defines a power multi-month rally since 5/1/2016 (see The Matrix). Traders follow these trends as long as alignment and TIME permit.
The cycle of TIME, a comparisons of alignment (upside or downside) against all previous impulses in the form of Z-Scores, adjusts the risk of the trade. BuST readings above 1.96, for example, suggests that the impulse is longer than 95% of all past observations. Traders buying or selling when BuST or BrST climbs 2 are betting on the greater fool theory, a poor long-term trading/investment strategy.
DEFINING THE TREND
Daily (Tertiary) Trend = Upside Alignment, The cycle of TIME = 0.1
Weekly (Secondary) Trend = Consolidation
Monthly (Primary) Trend = Upside Alignment, The cycle of TIME = -2.3
The best rallies or declines come when the daily, weekly, and monthly trends agree or align. This setup is called triple alignment.
Gold, a trend transitioning from cause building to mark up, is nearing triple upside alignment. Bulls buy triple upside alignment.
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These trends are defined in The Matrix for subscribers.
Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.