Hi fellows, If you were following me on VIX then buy it at the bottom again. Watch for the Trend reversal pattern breakout and go for long. In the same way the way you have done last time on this chart. Just remember that if you are buying based on monthly contract and you contract is about to expire then buy when your new contract is open. Dont buy when your contract is about to expire because it can stay at bottom for a while before going up. Good Luck.
but , if you are short on xauusd (dependent on the FOMC) and long in VIX, isn't it a contradiction? in the case of VIX increase, we would expect gold to soar.
Wave-Trader
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@sahinrecan, You are right mate and very nice pick. Just look at the VIX it is hitting lows again. What we may see if we dont see the rise it VIX will stay with in these areas for a while where it is currently. It will not go to 0 ya and at the same time we may see fall on gold prices. I mean VIX is not going to rise today. As we know that there is no uncertainty in the market.
sahinrecan
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@Wave-Trader, I see, so what we can see is a profit-taking in the gold for the year-end. (the year-end assumptions were at around 1240 to 1270) and after that, i expect a significant rise after Q2 2018 in the VIX. let's see how it rolls. (i am a very, very bad anticipator btw : )