The VC Price Momentum Indicator
Gold and Silver Weekly Futures Swing Trading Instructions
August 4. 2017
Signals are automatically generated by integrating electronic weekly statistics with proprietary algorithms.
Gold Futures WEEKLY SUMMARY
TREND MOMENTUM: 1256 Bullish
PRICE MOMENTUM: 1268 Bearish
PRICE INDICATOR:
EXIT LONGS:
2 ) 1288
1) 1277
EXIT SHORTS:
1257
1248
WEEKLY TREND MOMENTUM
The gold futures contract closed at 1265. The market closing above the 9 day SMA 1256 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 PRICE MOMENTUM
With the market closing below the VC Weekly Price Momentum Indicator of 1268, is confirmation 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 1257 - 1248, and go long on a weekly reversal stop. If long, use the 1248 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 1277 - 1288 during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 16.56 Bearish
PRICE MOMENTUM: 16.58 Bullish
PRICE INDICATOR:
EXIT LONGS:
2) 17.27
1) 16.81
EXIT SHORTS:
16.07
15.79
WEEKLY TREND MOMENTUM
The silver futures contract closed at 16.34. The market closing below the 9 SMA 16.56 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 PRICE MOMENTUM
With the market closing above the VC Weekly Price Momentum Indicator of 16.58, it confirms that the price momentum is bullish. A close below the VC Weekly, it would trigger weekly stops and negate the bullish signal to neutral.
WEEKLY PRICE INDICATOR
Look to take profits on shorts into corrections at the Buy 1 and 2 levels of 16.06 - 15.79, and go long on a weekly reversal stop. If long, use the 15.79 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 16.81 - 17.27 during the week.