THE VULCAN REPORT Review of /YG GOLD (YG) as of Monday, June 13, 2016

THE VULCAN REPORT
Review of /YG GOLD (YG)
as of Monday, June 13, 2016



Today's Price Action

Change   25.6000 (2.01%) prices closed higher than they opened.  with strong Bids going into the close.

MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:     -0.67
Swing Vix:     -1.93

The Market Pulse is negative since it is trading below 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 Trend Channel is UP!  (i.e. "Positive Swing Vix") This means that positive momentum is entering 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-Sold Buy 25 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The security price has set a new 14-period high while the Swing Vix has not.  This is a bearish divergence. Since the PulseScan leads the market 3-5 days out we will wait to see if downside pressure develops.
     
  *Since the last Swing Vix signal, /YG GOLD's price has been unchanged, and has ranged from a high of 1,319.8000 to a low of 1,276.0000.

     MARKET TREND - Currently the TREND is -The DownTrend is still entact with prices holding below trendline resistance at- 1,478.6499.

     
TRENDLINE RETRACEMENT
The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1,478.6499
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,182.7424
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. - 1,255.6250
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 1,256.6012

INTRADAY PRICE PROJECTIONS
RESISTANCE 1,321.9900
SUPPORT 1,297.9000    

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,308.6550
PulseWave BreakOut SUPPORT - 1,199.7150


VOLATILITY
On 6/13/2016, /YG GOLD closed  
below the upper band by 4.4%.
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.HIGH VOLATILITY ALERT - A Breakout of Upper Volatility Band occured    


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