GCZ21 – December Gold (Last:1776.90)

Gold’s squirrelly histrionics have become too tiresome to deserve our close attention, but we can still use the excellent, gnarly pattern shown to exploit any price action that plays to our game. For starters, a fall to p2=1700.80 could be bought ‘mechanically’, provided you know how to set-up a ‘camouflage’ trigger that would reduce the nearly $30k of entry risk on four contracts by perhaps 95%. Nudge me in the chat room at the appropriate time if you care and I will show you how. (Here’s the equivalent pattern for Feb Gold, where p2=1702.60 and D=1629.00.) Notice that a ‘mechanical’ short deep in the ‘discomfort zone’ a couple of weeks ago would have paid off at the same odds as the buy suggested above. ______ UPDATE (Nov 30, 6:18 p.m.): The February contract fell to the red line, generating a $30,000 payoff for anyone who shorted the most recent ‘mechanical’ signal — at 1849.40  on 11/10. The 1629.00 target remains valid, but let’s see if bears can extend their winning streak with a further fall to p2=1702.60 first. Gold may suck much of the time, but that doesn’t make it any easier for bearish bettors to profit.