We need to watch the price action on silver
The structue of the flag needs to keep forming and a rsi/stoch reset with a pin bar shakeing out traders at the bottom flag support may be a sign of good entry.
If the flag structure does not appear, or fails then we are looking at 23$-22.5$ again
Gold´s consolidation could morph into a correction but the mantra remains to buy the dip
Gold continued its consolidation and has not been able to establish a clear and sustainable trend. It´s been dancing around the falling 3 year downtrend line ($1,247) since mid of February. Last week´s top at $1,262 probably marked the begin of the expected pullback and gold...
Do not pass Go. Do not collect $200
Gold is doomed on the next 3~5 years ahead. A break of descending triangle and the long term uptrend is a dead giveaway.
Many more tears waiting to be shed by the die-hard gold bugs. We've not seen a true capitulation for more than 2 decades.
Going long via DGLD (3x inverse gold), DUST right now gives perfect opportunity to...
