I wanted to wait for the close with this idea...
Miners doens't look healthy to me . We are printing lower lows and lower highs.
This intermediate cycle was a clear downtrend so when we finish this cycle the end will be nasty.
I think we will test back at least the december lows in the following 1-1,5 months.
Today we were not able to close the gap ... I think gold is just waiting for the dollar to rally and it will fall.
Miners will follow gold in this decline.
All the indicators are heading to oversold territory:
MACD is crossing over.
RSI is heading to oversold
SlowStoch is leaving overbought territory too...
And today we lost the both the 10 and 20 EMA.
Miners doens't look healthy to me . We are printing lower lows and lower highs.
This intermediate cycle was a clear downtrend so when we finish this cycle the end will be nasty.
I think we will test back at least the december lows in the following 1-1,5 months.
Today we were not able to close the gap ... I think gold is just waiting for the dollar to rally and it will fall.
Miners will follow gold in this decline.
All the indicators are heading to oversold territory:
MACD is crossing over.
RSI is heading to oversold
SlowStoch is leaving overbought territory too...
And today we lost the both the 10 and 20 EMA.