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LOTS to consider here
1…This looks like a Flag with a Breakout Gap and now the Gap is closed..but the retest is lower still .
Thats the Bullish Case…Happy Happy Happy
2…This also looks like a head and Shoulder Top potentially
That’s the bearish case…F^&**K
IF we fall below that top line on a close
I’m Out
Anybody who just has Blind Trust for PMs at any stage of the game…well …they just haven’t been around long enough
Since the others indices & Gold itself is not showing a H&S on the daily charts, I tend to think we are looking at pennants/flags in the sector.
**other indices==SIL, SILJ, GDXJ, SI, GC etc. So many beautiful flags in the individual miners too
Agree. Gold is having a very high level consolidation. Gold stocks as usual suck.
Exaclty. Fully is right.. cant be blind. Weight of evidence is best bet to manage our survival.
That last sentence is exactly right…