The following article was published by SeeItMarket May 11th as part of my Gone Fishing Newsletter that I provide to fishing club members each week to identify macro inflection points and actionable micro trade set-ups. 

My thesis is playing out: GLD to trade down into the $120 area (was ~$125 now $122), from which it could gather up enough time and energy to move higher – but not likely until the next Fed meeting in June. I also saw USD higher (~$25 UUP) with USD/JPY near $110.70 (hit) so now I’m seeing $111.50 area before digesting a channel top and EUR getting sold around May 31st which should pop USD into major resistance. Here is the maco, intermarket, technical analysis for the context. For the Micro trading set ups via stock and options, you are welcome to pop into the LIVE Trading Room anytime.

Macro Market Reflections On Gold, Yen, and US Dollar

 

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At LaDucTrading, Samantha LaDuc leads the analysis, education and trading services. She analyzes price patterns and inter-market relationships across stocks, commodities, currencies and interest rates; develops macro investment themes to identify tactical trading opportunities; and employs strategic technical analysis to deliver high conviction stock, sector and market calls. Through LIVE portfolio-tracking, across multiple time-frames, we offer real-time Trade Alerts via SMS/email that frame the Thesis, Triggers, Time Frames, Trade Set-ups and Option Tactics. Samantha excels in chart pattern recognition, volatility insight with some big-picture macro perspective thrown in. Twitter:  @SamanthaLaDuc