A new bear flag to continue bear market at weekly high
Trade active: Best weekly support so far since 2075,
But the monthly is in a bear market,
so the weekly has little support even though at the bottom.
Comment: Bull flag working well so far according to higher lows.
9th march was 1680.25, 12th march was 1699.29, 18th march was 1719.32, 22nd...
A proper bear market in gold as long as the monthly macd is as high as 2011
1812 and a huge short attack
The weekly is pointing downwards again and a very bear trend
So if 1858 was the last daily chart high then half of it will be 1858 + 1760 / 2 = 1809 then short
1809 to 1812 will be next high
On the optimistic side 1829 is the high on my trend line...
Only if the reddit thing could push it maybe something out of TA zone
But buy gold sell silver is overdue
which means when gold kicks off fast silver will be slow
Not shorting silver but buying more of gold than silver as the gold /silver ration has gold at the upper hand.
on the monthly stocs rsi or the weekly bottoms. Means we are in a range until bulls or bears take full control.
Bears are in only for liquidity grab but price always bounces do bulls are still in control.
Price above 200MA is still bullish on the daily time frame. 1842.17 at the time of this publish.
Bears cannot break the daily bottom that easily unless a...
Once the monthly macd ribbon crosses it would trigger a huge waterfall for the bears
that ribbon will eventually fall even if the bulls pull up the biggest big-money funding - just a delay till it falls
Ribbon is the highest ever since 2012
bottom was 1050