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Hi.. Erick $GLD has been down huge for long time. However look like some explosive move is cooking. what set up of timing we can use.
Follow the primary trend. Gold's primary trend just flipped down. Its primary trend would have to display extreme age (very extended time cycle), or flip up before the Evolution of the Trade generates another core long position. In visual terms, we'd need to see another green box.
Gold Primary Trend
A lot of energy, and some sort of time correction, is needed to flip the primary trend from down to up. Gold energy build (WA, DI, DI2) are 0, 61%, and -1%. WA = 0% suggests nobody is playing. That's bullish, but DI and DI2 are likely too low.
Also, the Precious Metal Composite flow is bearish (Line 77). LTCO is below 0. A bull phase, an LTCO trend > 0, supports rallies. Track all this stuff in the Matrix.
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