The VC Price Momentum Indicator
Signals are automatically generated by integrating electronic weekly statistics with proprietary algorithms.
Gold
WEEKLY SUMMARY
TREND MOMENTUM: 1173 Bearish
PRICE MOMENTUM: 1167 Bearish
PRICE INDICATOR:
EXIT LONGS:
1) 1176
2) 1187
EXIT SHORTS:
- 1156
- 1147
WEEKLY MOVING AVERAGES
The December gold futures contract closed at 1164. The market closing below the 9 SMA 1173, is confirmation that the weekly trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend to neutral.
WEEKLY MOMENTUM INDICATOR
With the market closing below the VC Weekly Price Momentum Indicator of 1167, it confirms that the price momentum is bearish. A close above the VC Weekly, it would trigger weekly stops and negate the bearish signal to neutral.
WEEKLY PRICE INDICATOR
Look to take profits on shorts into corrections at the Buy 1 and 2 levels of 1156 – 1147, and go long on a weekly reversal stop. If long, use the 1147 level as a Stop Close Only and Good Till Cancelled order. Look to take profits on longs as we reach the Sell 1 and 2 levels of 1176 – 1187 during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 15.21 Bullish
PRICE MOMENTUM: 15.84 Bearish
PRICE INDICATOR:
EXIT LONGS:
1) 16.07
2) 16.33
EXIT SHORTS:
- 15.58
- 15.35
WEEKLY MOVING AVERAGES
The Dec silver futures contract closed at 15.81. The market closing above the 9 SMA 15.21, is confirmation that the weekly trend momentum is bullish. A close below the 9 SMA would negate the weekly bullish short-term trend to neutral.
WEEKLY MOMENTUM INDICATOR
With the market closing below the VC Weekly Price Momentum Indicator of 15.84, it confirms that the price momentum is bearish. A close above the VC Weekly, it would trigger weekly stops and negate the bearish signal to neutral.
WEEKLY PRICE INDICATOR
Look to take profits on shorts into corrections at the Buy 1 and 2 levels of 15.58 – 15.35, and go long on a weekly reversal stop. If long, use the 15.35 level as a Stop Close Only and Good Till Cancelled order. Look to take profits on longs as we reach the Sell 1 and 2 levels of 16.07 – 16.33 during the week.