$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.
For EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose .
