Volume Dynamics Specialist
Posted 14 July 2018 - 11:25 AM
Take a quick look at this chart and we can easily see that the early warning shot came in the XAU ahead of the overall crash at the end of January into February...
So watch carefully, if we see gold breaking 1200 and the XAU under 77, that's time to worry...
Member
Posted 15 July 2018 - 06:15 PM
Through Friday.
Fib
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Member
Posted 15 July 2018 - 09:30 PM
In your first post, XAU and gold were leading the Nasdaq and at the Nasdaq's peak with a harami, they were at the 0% line, i.e. parity, so I don't see it as a leading indicator. Alternately, assuming that a surge followed by parity is a leading indicator for January of this year, has this happened before? Of course, I could be reading this completely wrongly. Thanks.
Volume Dynamics Specialist
Posted 16 July 2018 - 08:17 AM
If we make new lows again in this contract, that's going to come on STRONG VOLUME this morning...
Sort of critical that it holds now.
1236.20
They had their shot last night to take it lower and test on lighter volume and wouldn't let it go... at 1240. and change...
Looks like that one is breaking here.
