golds and silver were in a down-trend direction.
But last week, silver went higher with GS comment. broke up its 20MA. Last Thursday silver ended with a black star but Friday it moved higher again, and ended with a star once more, at its 50 MA.
waiting for its correction, waiting for entry.
UUP, stronger internal push to the up side compare to down side, still trap in a triangle. third time is a _________? very bullish looking intermediate term.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
After a small Pinocchio wave faking the beginning of a breakout, XLF was rejected in a resistance zone and dropped like a stone. This should be interpreted as a SELL signal.
GLD is clearly overbought but, in my opinion, a brief consolidation could release enough steam from the pressure pot, so that it would continue to climb higher