Do you fear $DB, do you fear Trump, do you fear anything? I have a good news for you. I think market in general still far away from panic mode. I have never seen a global panic and stock market krach without Gold safe haven buying. (at least I don't remember one from last 20 years)
After all, if there will be a panic, or if even there is a smallest chance that Deutsche Bank defaults, what do you think monetary policy reaction will be? :-)
Panic will start when stocks keep falling, and same time Gold reverses back up and delivers a bullish flag breakout.
Do you remember the last few days mini panic? That was just few months ago at Brexit. Gold was up to 1350 and 1375 then. So you can have visions of a stock market crash, and it may be even right (I have same expectation), but I think Gold and 10y US Treasury will have to confirm.
Technicals:
Not much change since last post (see link below).
Daily ticked down exatly to trendline today, but haDelta seems to be turning around.
ATR (volatility) is extremely low
This is just a good risk/reward entry point to go long... who knows maybe there will be global panic soon :-). If not, the worst case is we get stopped below Kumo. No need to rush, but watch Heikin-Ashi signals carefully!
After all, if there will be a panic, or if even there is a smallest chance that Deutsche Bank defaults, what do you think monetary policy reaction will be? :-)
Panic will start when stocks keep falling, and same time Gold reverses back up and delivers a bullish flag breakout.
Do you remember the last few days mini panic? That was just few months ago at Brexit. Gold was up to 1350 and 1375 then. So you can have visions of a stock market crash, and it may be even right (I have same expectation), but I think Gold and 10y US Treasury will have to confirm.
Technicals:
Not much change since last post (see link below).
Daily ticked down exatly to trendline today, but haDelta seems to be turning around.
ATR (volatility) is extremely low
This is just a good risk/reward entry point to go long... who knows maybe there will be global panic soon :-). If not, the worst case is we get stopped below Kumo. No need to rush, but watch Heikin-Ashi signals carefully!
