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Wednesday, August 17, 2016

Review of /(YG) GOLD FUTURES (YG) as of Monday, August 15, 2016

Review of /(YG) GOLD FUTURES (YG)
as of Monday, August 15, 2016

Today's Price Action
Change   -1.2999 (-0.10%) with weak Bids going into the close. prices closed higher than they opened.

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 7 white "UP" candles and 3 black "DOWN" candles  for a net of 4 white (UP) candles.
During the past 50 bars, there have been 24 white "UP"  candles and 25 black "DOWN" candles  for a net of 1 black (DOWN) candles.
A doji star occurred (where a doji gaps above or below the previous candle).  This often signals a reversal with confirmation occurring on the next bar.

A long upper shadow occurred.  This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).

PulseScan Swing Vix

PulseScan:     12.02
Swing Vix:     14.48

The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of    3 period(s) ago.

The Trend Channel is DOWN!  (i.e. "Negative Swing Vix") This means that negative momentum is entering the market. Expect sideways to lower prices within the next 3-5 days

The Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range.   
A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area. 
*The last signal was a Over-Sold Buy 33 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The Swing Vix and price are not diverging.
        *Since the last Swing Vix signal, /(YG) GOLD FUTURES's price has increased 1.54% , and has ranged from a high of 1,374.2000 to a low of 1,311.0000.

MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.

RESISTANCE 1,364.5150 
SUPPORT 1,334.1899    

PulseWave BreakOut RESISTANCE - 1,364.5150 
PulseWave BreakOut SUPPORT - 1,334.1899 

On 8/8/2016, /(YG) GOLD FUTURES closed  
below the upper band by 23.4%.

This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing.  However, a short-term pull-back inside the bands is likely.

General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - For Related videos on our Youtube channel please visit - Be Sure to register for faster updates and commentaries at - BLOG 1: - BLOG 2: - BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!

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