Are you a gold bug?

All right, folks, today we’re gonna take a look at gold. And we just finished our monthly member session for December this morning. And I wanted to bring to your attention a chart that’s worth paying attention to. We’re looking at the gold market, gold futures market, of course, you could shape trade GLD. But we have a very interesting inflection point here at the end of the year, going into the new year for gold. So we’re looking for potential buying opportunities on gold, you can see here we have the five year historical price average in red pointing down 15 years storica price average and black pointing down. And then the 30 year 30 year historical price average in pink, also pointing down, they’re all merging together converging together nice and orderly, and then bottoming at the same time for a pop at the end of the year pointing to higher prices. It’s a very high probability signal based on a lot of data, 515 30 years. So taking a look at the chart and where we are today, right around 1785, we have the weekly chart on the left the daily chart on the right, so there’s a couple of key areas that I want to bring to your attention. And that is one the 1740 1750 area, we see that that was an area that cause longer term trend to reverse, come back higher and then come back and retest. So we have already come back and tested this area of structure and an unbalanced higher we came back for that second retest, bounced back into the higher area of structure. And then it then is now trading. Basically just range bound is kind of messy kind of choppy here on the weekly and the daily charts. But I would be looking for renewed buying interest here is somewhere around these levels. But even longer or bigger timeframe trading, coming down maybe as low as anywhere into the 1600 to 1550. Now that is a long ways away, but it is gold, gold is its own animal. So it could certainly come down, I would like to see gold come down here as a first touch into this 1575 1600 area. That would be that would give us our first test of structure also coincided with the 200 day, and then we’d be looking to load up to take the long side in line with that favorable seasonality bias that we’re seeing right in here. Now, if you just have to trade gold or just itchy to trade gold, you can go down to the lower timeframes. Partially I’m not touching this on off of the daily or weekly, but you can go down and look at some of the lower timeframes such as the four hour and find all kinds of signals if you’re using divergence. So you can see we’ve got divergence buy signals coming in right here, we’ve got divergence sell signals, you can see this bottom pane we got cell cells, basically calling those tops, he’d go down to the one hour. And heck, you can even go down to the minute or tick charts you can see we’ve got nice sales coming in. Nice buys coming in. Nice buys coming in for intermediate term swings to the long short side before we get positioned with a longer term type holding