Here is another tool I use to help me grasp the direction of the price action.. as if the price action itself going up wasn’t enough 😉

The faststoch give you different information depending on the time frame you use it.

On the daily, it’s great for identifying divergence for turnaround points… though less reliable and of shorter duration.

On the weekly, you get to see divergence with price action, more probable and of longer duration then daily when enacted.

Now for the faststoch on the monthly chart. I use it to identify “bull power zone” or “bear power zone”. That is when the indicator respectively stays above 80 or below 20.

Gold is presently still in the “bull power zone”.  No worries here…

Silver in out of the “bull power zone”. I think it will have to get back into it soon…