I am closely monitoring gold's movements and have a plan in place for both scenarios. If gold breaks the uptrend channel, you anticipate a fall to 1950, where you plan to look for buying opportunities. Alternatively, if gold breaks the decline trend line, you anticipate an acceleration to 2050 and plan to enter on pullbacks to find buying opportunities.
Gold miners are up 1.60% while gold is only up 0.10% is a positive indication that gold may turn bullish and break the decline trend line.
Silver has broken and retested a 2.6 year channel, which suggests that the bulls have taken over and silver should begin to swing bullish.
Gold miners are up 1.60% while gold is only up 0.10% is a positive indication that gold may turn bullish and break the decline trend line.
Silver has broken and retested a 2.6 year channel, which suggests that the bulls have taken over and silver should begin to swing bullish.
Idea Berkaitan
Gold 4hr TF
ChartStrategist
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