CG1 Gold Futures GOLD FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) COMEX:GC1! coreyfgarber A composite of daily and 4 Hour CG1 charts. Price has held within its moving average channel and has already bottomed the stochastic . The sto hasn't yet begun to rebound back toward the MA stochastic . Note the 4 HR Laguerre turned positive, which is about a 30 day MA, and I set a challenge to see if price would break below 1885. Solution: What you'd want to see is an EWS green dot over extended its deviation to hit a point where it will shift direction and rebound. You can see a narrowing and is close to a crossover. Mostly I trade NUGT and DUST 2x. NUGT is off highs and Dust rose over 3% in its latest run up, but fell shy of breaking a mid-line of the moving average channel. Stochastic is over bought, and price appears to be fading back to the mean (unless there is a second wave coming). I listened to a talk by someone who follows Hurst cycles, diagnose SPY suggesting a bigger slide later in June? That could be an impetus for metal stocks to rise. Stay with the big picture ... Just a guess