Gold-Possible Trade

I missed the initial breakout from its channel. I am looking to go long on a pullback. It looks like gold wants to challenge its all-time high.

The weekly chart shows a large rectangle is forming.

Positions Going Into This Week

I went long bitcoin Friday with a stop at 32000 and a target of 41000.

STOCKS
Symbol Position Date
Position
Opened
Price
Position
Opened
Week
Closing
Price
Percent
Change
Total Open Profit/Loss Stocks N/A
FUTURES
Symbol Position Date
Position
Opened
Price
Position
Opened
Week
Closing
Price
Percent
Change
MBT Long 10/27/23 34400 34325 -0.22%
MNQ Short 10/25/23 14505 14271 1.61%
Total Open Profit/Loss Futures 1.40%

Possible Trades and Open Postions

I am still long corn. I would have bailed Friday but was away from my computer. Generally, once it makes a weekend close below the neckline, I go flat.

I got stopped out of the 2-year for a loss. The bond market might be making an intermittent bottom here.

Stocks look like they want to drop much further. I have been totally out of sync with US stocks since May 2021 though. Nevertheless, I plan to take a short position on a break down.

Gold looks set to advance here. A break above 2100 and I will be look to go long.

Bailed on Aussie Dollar

I bailed on this market. It flirted with my stops early morning. I have no interest in a market that breaks down and hangs around the breakdown point.