9/1/2011 - GLD - COMEX Gold FUTURES ETF

THE VULCAN REPORT
Review of $0$ GLD - COMEX Gold FUTURES ETF (GLD)
as of Wednesday, August 31, 2011


Today's Price Action


Change   -1.3800 (-0.77%) prices closed lower than they opened. with weak Bids going into the close. 




     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:      4.54
Swing Vix:      4.09


The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of    0 period(s) ago.This means that positive momentum has entered the market. Expect sideways to higher prices within the next 3-5 days The Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range.    
A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area.  


*The last signal was a Over-Bought Sell  5 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The Swing Vix and price are not diverging.
      
  *Since the last Swing Vix signal, $0$ GLD - COMEX Gold FUTURES ETF's price has been unchanged, and has ranged from a high of 179.16 to a low of 176.33.


     MOMENTUM


     MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.


        TREND STRENGTH - STRONG - Bullish Trend,,BULLISH MOMENTUM,


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -   151.76


The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -   142.56




INTRADAY PRICE PROJECTIONS
RESISTANCE   179.30 -  GO LONG here   180.57 place stoploss here   174.91


SUPPORT   176.19 -  -  


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -   186.88- GO LONG here   186.88 place stoploss here   174.91


PulseWave BreakOut SUPPORT -   163.42-  




MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =   250.93
Long term Trend Line resistance is currently at -   184.82
Long term Trend Line support is currently at -   151.76


VOLATILITY
On 8/31/2011, $0$ GLD - COMEX Gold FUTURES ETF closed   
below the upper band by 30.7%.
This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing.  However, a short-term pull-back inside the bands is likely.