Loading ...Can anybody say “Outside Reversal” in most things gold?
Almost everything index-wise in gold had outside reversals to the downside today: HUI, XAU, GDX, GDXJ, plus silver metal. Also, a big down day for Fresnillo on the London exchange.
e.g.
No need for other charts: they are all about the same, except for gold. Are the aforementioned going to lead it down?
Most of them have a gap just under halfway up the early 2016 rally. Anyone fancy we might get a gap fill on these (e.g. GDX at 15.50)? I don’t know anything about gaps so I will defer to someone else on this.
Bearish engulfing…
or perhaps bearish en-GULP-ing!