Loading ...Some messy charts…
Fully I know how much you just love messy charts! 😉
I’ve seen others post these cup and handles but I have been working on them for awhile….what can I say it is in the chart and we all see it.
The CoT has been washed. In fact Silver Large Specs are now Net Short.
FOMC meeting next week. My thinking is up from here. Fully pointed to the sentiment on the board and I agree.
Weekly Metal Scoreboard
Palladium in front with nice week! Green across all columns. Killing it in YTD
Platinum has down week but look at 1 month and my thinking is it will take off soon.
Gold and Silver refer to CoT and Cup & Handle formations above.
IMHO and with my messy chart analysis the near future looks bright for these 4 metals.
Messy maybe, but nice. Great cup and handle. The gold ‘handle’ is also forming a wedge up against the curved base support, below the breakout level. Despite all the bearish sentiment around here recently, it couldn’t get more bullish in terms of the charts.
Thanks Northstar! I saw that you have been on these too…I had already developed it and saw your confirmation….It is there for all to see! Love your hard work! 🙂