Last week saw a lot of emotional buying of the market. While some short positions were not viable later in the week, there has now been a clear rejection from:
1) The higher zone mentioned prior:
2) The previous long term weekly H&S pattern mentioned back in August:
In terms of current price action, it seems that an inverse H&S pattern is forming on the...
Having traded in a consolidation for months, the two metals can't get enough upside Momentum to break out successfully to the upside. Instead this Monday has already been losing much, both markets are about to break out to the downside which could give us a target zone at the previous 2016 lows.
