THE VULCAN REPORT
Review of $1XAU/USD - GOLD Spot (XAU USD)
as of Wednesday, July 27, 2011
Today's Price Action
Change -5.9000 (-0.36%) prices closed lower than they opened. with weak Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 40.51
Swing Vix: 40.77
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 days
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 36 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, $1XAU/USD - GOLD Spot's price has been unchanged, and has ranged from a high of 1,631.20 to a low of 1,611.00.
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. - 1,402.85
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,408.19
INTRADAY PRICE PROJECTIONS
RESISTANCE 1,632.21
SUPPORT 1,609.99
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,610.70
PulseWave BreakOut SUPPORT - 1,581.10
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 2,087.89
Long term Trend Line resistance is currently at - 1,631.20
Long term Trend Line support is currently at - 1,402.85
MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 3,457.96
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 3,001.27
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 2,544.58
VOLATILITY
On 7/27/2011, $1XAU/USD - GOLD Spot closed
below the upper band by 20.7%.
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.
Risk Disclosure
THE VULCAN REPORT
Review of GOLD FUTURES (US@GC.1)
as of Tuesday, July 26, 2011
Today's Price Action
Change -7.2000 (-0.44%) prices closed lower than they opened. with weak Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 39.05
Swing Vix: 39.52
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 4 period(s) ago.
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 37 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 0.88% , and has ranged from a high of 1,624.30 to a low of 1,581.10.
MOMENTUM
MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.
TREND STRENGTH - STRONG - Bullish Trend,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1,389.95
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,400.49
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 1,532.99
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 1,591.21
INTRADAY PRICE PROJECTIONS
RESISTANCE 1,617.25
SUPPORT 1,607.35
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,610.70
PulseWave BreakOut SUPPORT - 1,581.10
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 2,093.00
Long term Trend Line resistance is currently at - 1,624.30
Long term Trend Line support is currently at - 1,389.95
MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 3,499.10
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 3,030.40
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 2,561.70
VOLATILITY
On 7/26/2011, GOLD FUTURES closed
below the upper band by 19.9%.
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.
Risk Disclosure
THE VULCAN REPORT
Review of GOLD FUTURES (US@GC.1)
as of Monday, July 25, 2011
Today's Price Action
Change with weak Bids going into the close. 9.0000 (0.56%) prices closed higher than they opened.
A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 38.97
Swing Vix: 39.66
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 3 period(s) ago. However, the Swing Vix just crossed below 39 from a topping formation. This is a bearish sign.
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 0 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, GOLD FUTURES's price has increased 0.85% , and has ranged from a high of 1,624.30 to a low of 1,581.10.
MOMENTUM
MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.
TREND STRENGTH - STRONG - Bullish Trend,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1,389.95
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,398.81
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 1,530.31
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 1,586.53
INTRADAY PRICE PROJECTIONS
RESISTANCE 1,625.33
SUPPORT 1,602.78
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,610.70
PulseWave BreakOut SUPPORT - 1,581.10
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 2,093.00
Long term Trend Line resistance is currently at - 1,624.30
Long term Trend Line support is currently at - 1,389.95
MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 3,499.10
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 3,030.40
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 2,561.70
VOLATILITY
On 7/25/2011, GOLD FUTURES closed
below the upper band by 16.6%.
THE VULCAN REPORT
Review of $1XAU/USD - GOLD Spot (XAU USD)
as of Tuesday, July 19, 2011
Today's Price Action
Change -16.4000 (-1.02%) prices closed lower than they opened. with weak Bids going into the close.
An engulfing bearish line occurred (where a black candle's real body completely contains the previous white candle's real body). The engulfing bearish pattern is bearish during an uptrend (which appears to be the case with $1XAU/USD - GOLD Spot). It then signifies that the momentum may be shifting from the bulls to the bears.
If the engulfing bearish pattern occurs during a downtrend, it may be a last engulfing bottom which indicates a bullish reversal. The test to see if this is the case is if the next candle closes above the bottom the current (black) candle's real body.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 43.57
Swing Vix: 44.00
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 days
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 30 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, $1XAU/USD - GOLD Spot's price has been unchanged, and has ranged from a high of 1,610.70 to a low of 1,582.70.
MOMENTUM
MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.
TREND STRENGTH - STRONG - Bullish Trend,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1,383.81
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,398.40
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 1,521.45
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 1,568.94
INTRADAY PRICE PROJECTIONS
RESISTANCE 1,612.10
SUPPORT 1,581.30
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,610.70
PulseWave BreakOut SUPPORT - 1,480.00
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 2,064.48
Long term Trend Line resistance is currently at - 1,610.70
Long term Trend Line support is currently at - 1,383.81
MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 3,425.82
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 2,972.04
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 2,518.26
VOLATILITY
On 7/19/2011, $1XAU/USD - GOLD Spot closed
below the upper band by 16.7%.
Risk Disclosure
"TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
THE VULCAN REPORT
Review of GOLD FUTURES (US@GC.1)
as of Monday, July 18, 2011
Today's Price Action
Change 15.3000 (0.96%) prices closed higher than they opened. with strong Bids going into the close.
A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 44.36
Swing Vix: 43.14
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 9 period(s) ago. The Swing Vix is above 39. This is where it usually tops. The Swing Vix usually forms tops and bottoms before the underlying security.
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 31 period(s) Ago.
The Swing Vix has just reached its highest value in the last 14 period(s). This is bullish.
*Since the last Swing Vix signal, GOLD FUTURES's price has increased 6.00% , and has ranged from a high of 1,607.90 to a low of 1,486.20.
MOMENTUM
MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.
TREND STRENGTH - STRONG - Bullish Trend,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1,381.75
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,390.96
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 1,517.79
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 1,562.37
INTRADAY PRICE PROJECTIONS
RESISTANCE 1,608.72
SUPPORT 1,590.58
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,514.80
PulseWave BreakOut SUPPORT - 1,478.30
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 2,060.20
Long term Trend Line resistance is currently at - 1,607.90
Long term Trend Line support is currently at - 1,381.75
MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 3,417.10
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 2,964.80
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 2,512.50
VOLATILITY
On 7/18/2011, GOLD FUTURES closed
below the upper band by 1.8%.
THE VULCAN REPORT
Review of $1XAU/USD - GOLD Spot (XAU USD)
as of Friday, July 15, 2011
Today's Price Action
Change 5.9000 (0.37%) prices closed higher than they opened. with strong Bids going into the close.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 45.00
Swing Vix: 42.92
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 8 period(s) ago. The Swing Vix is above 39. This is where it usually tops. The Swing Vix usually forms tops and bottoms before the underlying security.
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 28 period(s) Ago.
The Swing Vix has just reached its highest value in the last 14 period(s). This is bullish.
*Since the last Swing Vix signal, $1XAU/USD - GOLD Spot's price has increased 5.08% , and has ranged from a high of 1,594.90 to a low of 1,486.20.
MOMENTUM
MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.
TREND STRENGTH - STRONG - Bullish TrendT/K BREAKOUT,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1,375.91
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,393.88
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 1,516.16
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 1,554.57
INTRADAY PRICE PROJECTIONS
RESISTANCE 1,595.32
SUPPORT 1,575.08
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,526.50
PulseWave BreakOut SUPPORT - 1,480.00
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 2,032.88
Long term Trend Line resistance is currently at - 1,594.90
Long term Trend Line support is currently at - 1,375.91
MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 3,346.82
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 2,908.84
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 2,470.86
VOLATILITY
On 7/15/2011, $1XAU/USD - GOLD Spot closed
below the upper band by 2.7%.
Risk Disclosure
THE VULCAN REPORT
Review of GOLD FUTURES (US@GC.1)
as of Friday, July 15, 2011
Today's Price Action
Change -1.3000 (-0.08%) prices closed higher than they opened. with strong Bids going into the close.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 44.08
Swing Vix: 41.73
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 8 period(s) ago. The Swing Vix is above 39. This is where it usually tops. The Swing Vix usually forms tops and bottoms before the underlying security.
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 30 period(s) Ago.
The Swing Vix has just reached its highest value in the last 14 period(s). This is bullish.The Swing Vix has set a new 14-period high while the security price 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 increased 5.21% , and has ranged from a high of 1,594.90 to a low of 1,486.20.
MOMENTUM
MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.
TREND STRENGTH - STRONG - Bullish TrendT/K BREAKOUT,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1,375.25
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,389.31
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 1,515.07
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 1,554.40
INTRADAY PRICE PROJECTIONS
RESISTANCE 1,593.64
SUPPORT 1,575.16
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,514.80
PulseWave BreakOut SUPPORT - 1,478.30
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 2,034.20
Long term Trend Line resistance is currently at - 1,594.90
Long term Trend Line support is currently at - 1,375.25
MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 3,352.10
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 2,912.80
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 2,473.50
VOLATILITY
On 7/15/2011, GOLD FUTURES closed
below the upper band by 4.6%.
Risk Disclosure
THE VULCAN REPORT
Review of GOLD FUTURES (US@GC.1)
as of Thursday, July 14, 2011
Today's Price Action
Change 14.6000 (0.93%) prices closed higher than they opened. with strong Bids going into the close.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 39.28
Swing Vix: 35.91
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 7 period(s) ago. The Swing Vix is above 39. This is where it usually tops. The Swing Vix usually forms tops and bottoms before the underlying security.
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 29 period(s) Ago.
The Swing Vix has just reached its highest value in the last 14 period(s). This is bullish.
*Since the last Swing Vix signal, GOLD FUTURES's price has increased 5.04% , and has ranged from a high of 1,594.90 to a low of 1,486.20.
MOMENTUM
MARKET TREND - Currently the TREND is .
TREND STRENGTH - STRONG - Bullish Trend,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1,375.25
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,387.83
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 1,512.58
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 1,547.05
INTRADAY PRICE PROJECTIONS
RESISTANCE 1,595.68
SUPPORT 1,578.63
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,514.80
PulseWave BreakOut SUPPORT - 1,478.30
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 2,034.20
Long term Trend Line resistance is currently at - 1,594.90
Long term Trend Line support is currently at - 1,375.25
MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 3,352.10
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 2,912.80
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 2,473.50
VOLATILITY
On 7/14/2011, GOLD FUTURES closed above the upper band by 3.7%.
Risk Disclosure
THE VULCAN REPORT
Review of GOLD FUTURES (US@GC.1)
as of Monday, July 11, 2011
Today's Price Action
Change 7.7001 (0.50%) prices closed higher than they opened. with strong Bids going into the close.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 18.67
Swing Vix: 11.14
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 4 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 26 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 2.62% , and has ranged from a high of 1,557.60 to a low of 1,486.20.
MOMENTUM
MARKET TREND - Currently the TREND is .
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. - 1,383.45
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 1,506.26
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 1,524.58
INTRADAY PRICE PROJECTIONS
RESISTANCE 1,558.38
SUPPORT 1,541.32
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,514.80
PulseWave BreakOut SUPPORT - 1,478.30
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 7/11/2011, GOLD FUTURES closed
below the upper band by 12.6%.
This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely.
Risk Disclosure
THE VULCAN REPORT
Review of GOLD FUTURES (US@GC.1)
as of Thursday, July 07, 2011
Today's Price Action
Change 1.3999 (0.09%) prices closed higher than they opened. with strong Bids going into the close.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: -10.74
Swing Vix: -14.59
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 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 24 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 1.19% , and has ranged from a high of 1,534.90 to a low of 1,486.20.
MOMENTUM
MARKET TREND - Currently the TREND is .
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. - 1,380.80
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 1,503.77
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 1,515.47
INTRADAY PRICE PROJECTIONS
RESISTANCE 1,535.44
SUPPORT 1,523.67
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,514.80
PulseWave BreakOut SUPPORT - 1,478.30
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 7/7/2011, GOLD FUTURES closed
below the upper band by 37.8%.
This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely.
Risk Disclosure
THE VULCAN REPORT
Review of $1XAU/USD - GOLD Spot (XAU USD)
as of Tuesday, July 05, 2011
Today's Price Action
Change 34.2000 (2.31%) prices closed higher than they opened. with strong Bids going into the close.This is generally considered bullish, as prices closed significantly higher than they opened. If the candle appears when prices are "low," it may be the first sign of a bottom. If it occurs when prices are rebounding off of a support area , the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: -27.59
Swing Vix: -29.81
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 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 20 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, $1XAU/USD - GOLD Spot's price has been unchanged, and has ranged from a high of 1,518.00 to a low of 1,486.20.
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 1,516.15 is needed to re-establish the upward trend. However A close below 1,489.80 will establish a new downward trend.
TREND STRENGTH - ,
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. - 1,384.67
The close is currently Below it's Intermediate Term TRENDLINE RETRACEMENT. - 1,503.62
The close is currently Below it's Short Term TRENDLINE RETRACEMENT. - 1,510.19
INTRADAY PRICE PROJECTIONS
RESISTANCE 1,519.59
SUPPORT 1,484.61
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,526.50
PulseWave BreakOut SUPPORT - 1,480.00
VOLATILITY
On 7/5/2011, $1XAU/USD - GOLD Spot closed
above the lower band by 40.3%.
This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely.
Risk Disclosure
