Gold update 13.04.23
Yesterday Gold fell after the bullish CPI, clearing the liquidity from the buyers.
At the moment, I have no reason to believe that gold will turn bearish. Some people may see a trendline retest, others a head and shoulders. I see: daily closes for gold and silver were bullish, GDX made new higher high. So monthly, weekly and daily time frames are still bullish.
I will most likely change my bias when the 15 min manipulation zone breaks, but until then I am bullish on gold.
Silver
It seems that the breakout is confirmed.
GDX
As I said no signs of weakness.
Yields
They are still maintained from the channel.
Benchmark
Still no reason to switch bearish.
At the moment, I have no reason to believe that gold will turn bearish. Some people may see a trendline retest, others a head and shoulders. I see: daily closes for gold and silver were bullish, GDX made new higher high. So monthly, weekly and daily time frames are still bullish.
I will most likely change my bias when the 15 min manipulation zone breaks, but until then I am bullish on gold.
Silver
It seems that the breakout is confirmed.
GDX
As I said no signs of weakness.
Yields
They are still maintained from the channel.
Benchmark
Still no reason to switch bearish.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.