Friday, October 22, 2021

#Gold Review $GLD #GC_F

Gold Review
Those that view the message of the market on a daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bag holders of trend transitions.

Gold's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.

Subscriber Comments

A bottom in gold has not been confirmed.  Today's setup in gold and silver were discussed in the Silver Report in great detail. The Report has not been updated, because the Evolution of the Trade remains the same. While the lack of bullish chatter my irritate the bulls, it's driven by strict trading discipline.

A gold and silver rally requires bullish money flows. The Precious Metals Composite defines bullish money flows by green boxes (see Precious Metals Composite). We're still waiting for confirmation.

Precious Metals Composite (Line 77 Trends Tab of the Matrix)

Follow me on Twitter or Facebook for further discussion.


Market-driven money flow, trend, and intermarket analysis is provided by an Access Key.