VIX (VX) Weekly MACD Positively Crossing Ahead of NFP

The VIX (VX) is consolidating going into today’s European morning, and appears poised to nudge higher ahead of Friday’s highly anticipated US Non-Farm Payrolls (NFP). Significantly, the VX has held above the psychologically key 20 whole figure level much of the past month, with moderately high odds for a test by early next week, of downchannel resistance (on the weekly chart) as hinted by July’s brief break above it…

Gold (GC) Consolidating Near Key 1800 Level Ahead of FOMC

Gold (GC) is firming going into today’s European morning, continuing yesterday’s early attempt to halt a slide since mid July. Significantly, GC has been consolidating for almost a month around the psychologically key 1800 whole figure level, and is nearing the completion of a triangle (on the weekly chart), with the gap between triangle support and resistance down to roughly 100 points…