Hello everyone,
So Silver seems a bit extended here, and so is Gold, but the correction in gold should be milder. The reasoning for a correction in Silver is displayed above, but more importantly Dollar seems to be basing for a small rally of it's oversold levels (See linked idea below). The Euro is struggling at longterm downtrend resistance (Also see idea linked below). And Gold also stopped it's advance at the longterm uptrend median line and is calling for a correction (yep, see the idea linked below).
Also i'd like to emphasize that GOLD has pretty much confirmed a new bull cycle, but corrections are normal, and we're right on queue for one.
Every piece of the puzzle fits really nicely here, a stronger dollar would also make sense, if we see a stock market correction like the we're seing one now.
Please feel free to comment and like, it really makes this so much more fun.
Thank you,
Stay safe, stay liquid.
So Silver seems a bit extended here, and so is Gold, but the correction in gold should be milder. The reasoning for a correction in Silver is displayed above, but more importantly Dollar seems to be basing for a small rally of it's oversold levels (See linked idea below). The Euro is struggling at longterm downtrend resistance (Also see idea linked below). And Gold also stopped it's advance at the longterm uptrend median line and is calling for a correction (yep, see the idea linked below).
Also i'd like to emphasize that GOLD has pretty much confirmed a new bull cycle, but corrections are normal, and we're right on queue for one.
Every piece of the puzzle fits really nicely here, a stronger dollar would also make sense, if we see a stock market correction like the we're seing one now.
Please feel free to comment and like, it really makes this so much more fun.
Thank you,
Stay safe, stay liquid.
