Loading ...Gold and Miners
I have Gold on day 20 which would be early in my normal timing band to find a TC Low but sometimes it happens. Maybe some more time chopping into another time based consolidation low? First char comment should say “…TC Lows…” Second, longer term chart puts the long term into perspective.
The last three charts are for GDX, the HUI and XAU. All show where the up trend out of the Bear Market low has found resistance. I think we need to find a TC Low and then we challenge the Red Fork again.
Last chart is on Silver which show the same backtesting as Gold:
Hi Surf City thanks for the GDX HUI and XAU charts. Am i seeing a right inverse shoulder formation for all 3 charts? In fact I can almost visualise an inverse H&S within another bigger inverse H&S formation
Marauder, Nice catch! I can see them too. Filling out the right shoulder?
Yes your trend lines only helped to make it look more visible