Gold’s ‘Rally Fatigue’

If there ever was a reason for gold to launch massively higher, huge gap-up open, you’d think it would’ve been yesterday’s bombing of Iranian nuclear facilities, right?

Seems like gold, currently trading slightly higher (up just +0.19%), now threatening to go negative, may be tired of the never-ending ‘sky is falling’ narrative.

The overall public does not (or refuses to) recognize, ‘narratives’ are part of the deception, part of the manipulation (not advice, not a recommendation).

Wyckoff said it over a century ago, ‘Until you can ignore the news entirely, you will never be successful in the markets’.

Of course, gold could rally from here. Anything can happen.

However, we need to recognize, gold (GLD), is not all that far away (just 1%) from the level discussed in this update.

Strategy First

Trying to ‘figure it all out’, is not the essence of Wyckoff analysis.

Wyckoff attempts to determine the ‘what’ of the markets, not the ‘why’.

With that, there are three open positions: all of them short (not advice not a recommendation):

CVNA-25-05, CRWD-25-05, and WMT-25-02

Tomorrow (Monday) pre-market, an update is planned for short-covering exits (if any) and stop levels.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279