$XAU is the Gold/Silver Index that has options on it too. For the last couple of days, it has been going down as the market has been going up. Below is the analysis of $XAU
Below is the Esignal chart. On the chart, I have represented the Seasonal trend change dates in a light blue vertical line. Right now, the chart shows Weak Bullish Sentiment. It looks like the a Kijun/Tenkan crossover is going to occur soon. We need to watch this stock very closely. I have set alerts at the different Fib values which will tell me to analyze the charts at that point. Notice, the .5 Fib value is the last support value before entering the cloud. If this follows seasonal patterns, $XAU will go down and touch the Senkou Span B by 4/30 and then start to go bullish. However, if the price enters the Kumo Cloud then you will need to see where price comes out of the Kumo cloud. If it comes out below, then a bearish sentiment will occur and probably occur until the next seasonal date of 5/11. Set your alerts and watch and trade.
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