THE VULCAN REPORT
Review of GOLD FUTURES (US@GC.1)
as of Monday, June 27, 2011
Today's Price Action
Change -4.4000 (-0.29%) prices closed lower than they opened. with weak Bids going into the close.
A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: -14.94
Swing Vix: -8.68
The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of 2 period(s) ago. 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 17 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The security price has set a new 14-period low while the Swing Vix has not. This is a bullish divergence. Since the PulseScan leads the market 3-5 days out we will wait to see if an upside breakout occurs.
*Since the last Swing Vix signal, GOLD FUTURES's price has decreased 1.58%, and has ranged from a high of 1,549.60 to a low of 1,490.80.
MOMENTUM
MARKET TREND - Currently the TREND is - Neutral within the Bullish KUMO Consolidation cloud (Possible Trend Reversal) with Downside Bearish Breakout risk. A close above 1,507.13 is needed to re-establish the upward trend. However A close below 1,479.05 will establish a new downward trend.
TREND STRENGTH - ,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1,366.50
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,373.59
The close is currently Below it's Intermediate Term TRENDLINE RETRACEMENT. - 1,502.36
The close is currently Below it's Short Term TRENDLINE RETRACEMENT. - 1,525.74
INTRADAY PRICE PROJECTIONS
RESISTANCE 1,506.86
SUPPORT 1,490.04
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,559.30
PulseWave BreakOut SUPPORT - 1,511.40
VOLATILITY
On 6/27/2011, GOLD FUTURES closed below the lower band by 11.3%.
Risk Disclosure
THE VULCAN REPORT
Review of $1XAU/USD - GOLD Spot (XAU USD)
as of Friday, June 24, 2011
Today's Price Action
Change -18.5000 (-1.22%) prices closed lower than they opened. with weak Bids going into the close.This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: -1.85
Swing Vix: 3.06
The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of 1 period(s) ago. 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 14 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The security price has set a new 14-period low while the Swing Vix has not. This is a bullish divergence. Since the PulseScan leads the market 3-5 days out we will wait to see if an upside breakout occurs.
*Since the last Swing Vix signal, $1XAU/USD - GOLD Spot's price has decreased 1.22%, and has ranged from a high of 1,549.60 to a low of 1,498.50.
MOMENTUM
MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.
TREND STRENGTH - WEAK - RANGE BOUND (Prices have ceased trending and have become consolidated at this time) The market has put in a short term top. This means that the bulls are liquidating long positions thus taking some profit off the table.,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1,367.16
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,379.52
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 1,504.17
The close is currently Below it's Short Term TRENDLINE RETRACEMENT. - 1,531.87
INTRADAY PRICE PROJECTIONS
RESISTANCE 1,527.90
SUPPORT 1,497.10
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,559.30
PulseWave BreakOut SUPPORT - 1,511.40
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 1,997.88
Long term Trend Line resistance is currently at - 1,577.40
Long term Trend Line support is currently at - 1,367.16
MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 3,259.32
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 2,838.84
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 2,418.36
VOLATILITY
On 6/24/2011, $1XAU/USD - GOLD Spot closed below the lower band by 21.3%.
THE VULCAN REPORT
Review of GOLD FUTURES (US@GC.1)
as of Thursday, June 23, 2011
Today's Price Action
Change -37.1000 (-2.39%) prices closed lower than they opened. with weak Bids going into the close.This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 11.87
Swing Vix: 12.57
The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of 0 period(s) ago. This means that negative momentum has entered the market. Expect sideways to lower prices within the next 3-5 daysThe 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 15 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, GOLD FUTURES's price has been unchanged, and has ranged from a high of 1,549.60 to a low of 1,511.50.
MOMENTUM
MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.
TREND STRENGTH - WEAK - RANGE BOUND (Prices have ceased trending and have become consolidated at this time) The market has put in a short term top. This means that the bulls are liquidating long positions thus taking some profit off the table.,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1,366.50
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,371.75
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 1,502.16
The close is currently Below it's Short Term TRENDLINE RETRACEMENT. - 1,536.09
Today's Sell off pushed prices on the close below the short term trendline resistance
INTRADAY PRICE PROJECTIONS
RESISTANCE 1,551.51
SUPPORT 1,509.60
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,559.30
PulseWave BreakOut SUPPORT - 1,511.40
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 1,999.20
Long term Trend Line resistance is currently at - 1,577.40
Long term Trend Line support is currently at - 1,366.50
MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 3,264.60
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 2,842.80
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 2,421.00
VOLATILITY
On 6/23/2011, GOLD FUTURES closed
above the lower band by 3.2%.
Risk Disclosure
THE VULCAN REPORT
Review of GOLD FUTURES (US@GC.1)
as of Thursday, June 23, 2011
Today's Price Action
Change -22.0000 (-1.42%) prices closed lower than they opened. with weak Bids going into the close.This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 13.72
Swing Vix: 13.26
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 3 period(s) ago. 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 15 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, GOLD FUTURES's price has decreased 1.22%, and has ranged from a high of 1,549.60 to a low of 1,518.30.
MOMENTUM
MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.
TREND STRENGTH - WEAK - RANGE BOUND (Prices have ceased trending and have become consolidated at this time) The market has put in a short term top. This means that the bulls are liquidating long positions thus taking some profit off the table.,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1,366.50
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,371.74
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 1,502.11
The close is currently Below it's Short Term TRENDLINE RETRACEMENT. - 1,535.94
Today's Sell off pushed prices on the close below the short term trendline resistance
INTRADAY PRICE PROJECTIONS
RESISTANCE 1,551.16
SUPPORT 1,516.73
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,549.60
PulseWave BreakOut SUPPORT - 1,511.40
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 1,999.20
Long term Trend Line resistance is currently at - 1,577.40
Long term Trend Line support is currently at - 1,366.50
MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 3,264.60
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 2,842.80
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 2,421.00
VOLATILITY
On 6/23/2011, GOLD FUTURES closed
above the lower band by 16.5%.
THE VULCAN REPORT
Review of GOLD FUTURES (US@GC.1)
as of Wednesday, June 22, 2011
Today's Price Action
Change -1.2001 (-0.08%) prices closed lower than they opened. with weak Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 16.79
Swing Vix: 12.36
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 2 period(s) ago. 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 14 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, GOLD FUTURES's price has increased 0.21% , and has ranged from a high of 1,549.00 to a low of 1,533.60.
MOMENTUM
MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.
TREND STRENGTH - WEAK - RANGE BOUND (Prices have ceased trending and have become consolidated at this time) The market has put in a short term top. This means that the bulls are liquidating long positions thus taking some profit off the table.,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1,366.50
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,369.39
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 1,501.03
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 1,536.38
INTRADAY PRICE PROJECTIONS
RESISTANCE 1,549.35
SUPPORT 1,541.65
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,555.00
PulseWave BreakOut SUPPORT - 1,511.40
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 1,999.20
Long term Trend Line resistance is currently at - 1,577.40
Long term Trend Line support is currently at - 1,366.50
MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 3,264.60
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 2,842.80
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 2,421.00
VOLATILITY
On 6/22/2011, GOLD FUTURES closed
below the upper band by 22.7%.
