Once again metals bulls backs are against the wall following yesterday's red flags.
Have to show up soon here or odds of monthly lower highs shaping up will increase drastically.
Step one of a save would be seeing 4hr bounces big enough to create room for HLs.
The previous falling wedge that broke bull on gold and failed to see follow through can be expanded out to a larger one, keeping eyes on this.
$GLD $SLV $GDX
View original โOnce again metals bulls backs are against the wall following yesterday's red flags.
Have to show up soon here or odds of monthly lower highs shaping up will increase drastically.
Step one of a save would be seeing 4hr bounces big enough to create room for HLs.
The previous falling wedge that broke bull on gold and failed to see follow through can be expanded out to a larger one, keeping eyes on this.
$GLD $SLV $GDX
View original โOnce again metals bulls backs are against the wall following yesterday's red flags.
Have to show up soon here or odds of monthly lower highs shaping up will increase drastically.
Step one of a save would be seeing 4hr bounces big enough to create room for HLs.
The previous falling wedge that broke bull on gold and failed to see follow through can be expanded out to a larger one, keeping eyes on this.
$GLD $SLV $GDX
View original โOnce again metals bulls backs are against the wall following yesterday's red flags.
Have to show up soon here or odds of monthly lower highs shaping up will increase drastically.
Step one of a save would be seeing 4hr bounces big enough to create room for HLs.
The previous falling wedge that broke bull on gold and failed to see follow through can be expanded out to a larger one, keeping eyes on this.
$GLD $SLV $GDX
View original โ@MrMonsterLLC That is not accurate. Often times the higher risk names lead the way, in this case miners. That's why the GDX/GLD ratio is so valuable.
View original โ@MrMonsterLLC That is not accurate. Often times the higher risk names lead the way, in this case miners. That's why the GDX/GLD ratio is so valuable.
View original โCrucial spot for metals here.
If daily uptrends are going to confirm, the Hs needs to form soon.
GDX already did it which is a good sign, PL has solid strength which is a good sign. Gold and silver need to join though.
Top watch for me throughout the rest of the week alongside continued NQ volatility.
$GLD $SLV $GDX $QQQ
View original โCrucial spot for metals here.
If daily uptrends are going to confirm, the Hs needs to form soon.
GDX already did it which is a good sign, PL has solid strength which is a good sign. Gold and silver need to join though.
Top watch for me throughout the rest of the week alongside continued NQ volatility.
$GLD $SLV $GDX $QQQ
View original โCrucial spot for metals here.
If daily uptrends are going to confirm, the Hs needs to form soon.
GDX already did it which is a good sign, PL has solid strength which is a good sign. Gold and silver need to join though.
Top watch for me throughout the rest of the week alongside continued NQ volatility.
$GLD $SLV $GDX $QQQ
View original โCrucial spot for metals here.
If daily uptrends are going to confirm, the Hs needs to form soon.
GDX already did it which is a good sign, PL has solid strength which is a good sign. Gold and silver need to join though.
Top watch for me throughout the rest of the week alongside continued NQ volatility.
$GLD $SLV $GDX $QQQ
View original โ