Bulls- need silver to rally at the uptrendline from the hourly bull flag, form hourly higher low above 17.57, and a higher high above 18.25.
Bears- are looking for a head and shoulders pattern, if it does form we are working on the left shoulder right now we need a breakdown and a successful back test.
Gold has still technically made a lower high just barely so we need bears to prove it on Gold with a lower low below 1669, otherwise we could be looking at a reversal or sideways
Bears- are looking for a head and shoulders pattern, if it does form we are working on the left shoulder right now we need a breakdown and a successful back test.
Gold has still technically made a lower high just barely so we need bears to prove it on Gold with a lower low below 1669, otherwise we could be looking at a reversal or sideways
Comment:
I meant to say working on the right shoulder
Comment:
Also keep in mind strong dxy has helped
Comment:
I’m sorry meant to type the weak dxy is significant that they are still having weakness, if dxy has a rally soon that could add to the downside
