I've been watching the rally in gold and silver recently, and it's finally looking like the bull's are out of steam.
Reasons:
Daily
Reasons:
- Fib 38% retracement
- 1207.3 is a previous support/resistance area
- Price has broken below 4hr trend line support and retested as resistance
- Apex with downwards trend
- Stoch has crossed below 80 on the daily chart
Daily
Transaction en cours
Trade fermée manuellement:
Closed out of all positions before the Presidential inauguration speech. Just as well, because price headed higher and we would have been stopped out.
Commentaire:
Overall, the idea is still valid and I'm still looking for downside from Gold.
