Resistance for Gold coming up?
Second two are just zoomed in more and more.
As others have pointed out the miners have been very weak. Could this all be another bull trap bear flag in gold?
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POSTING INFORMATION
Chuck, what exactly is that target? TIA
The two lines intersect at the next trading day at almost exactly $1265.8.
Today the bear flag red line comes in at $1264.2
Today the white line comes in at $1265.6
Good luck…
Hi Chuck….The Bear of Bad News
🙂
Well lol, just a guess of course… could blow right through..
Hi Chuck,
Great to See you post. I’m watching the same thing. I think you’re right about the miners under performance. I believe we have one more high above this morning’s 1261 to create negative divergence on the RSI. Silver has one BIG up day left to exhaustion. And then that might be it
Hi PK, fellow Netdania user 🙂 I could see that.
Did you know that you can turn off the lines from higher timescales showing up on lower timescales? Sir Schism showed me that…
No. that would be great because they don’t always line up. Is it on the settings? By the way, I think we are seeing the silver blow off now…
Yes. I know. It made the lower time scales too cluttery too.
It can be found under “setup” and then “chart settings”.