Tim Knight Finally Shorted Gold, and He Calls It a Betraya

Heading into what Tim Knight calls the craziest 72 hours of the year, the market is undoing Friday's drop, and the driver is crude. Oil fell about 6%, undoing eight days of action in one morning, and every index jumped at that exact moment. But the real news is personal: after months of saying he couldn't short gold, he finally did it, calling it a level of betrayal. The setup is a right triangle top, with unhappy buyers above 4,000 dollars as heavy overhead supply. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 00:00 The craziest 72 hours of the year 00:20 The S&P undoing Friday's drop 01:00 What's driving it, crude cratering 01:40 Oil undid eight days in one morning 02:10 XLE's island reversal 02:50 The Nasdaq has farther to go 03:20 Old friends still breaking down 04:10 Finally shorting gold 04:50 A beautiful right triangle top 05:40 Trapped buyers above 4,000 #tastylive #timknight #tradingcharts #gold #shortgold #crudeoil #xle #islandreversal #technicalanalysis #stockmarket tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.