Gold:
Double top at $2450.
Bearish Flag—Potentially very dangerous if $2326 is broken, especially given the gap to 200-DMA.
Below $2285 is a lot of thin air to $2150 and then the 200-DMA.
RSI and both MACDs are all bearish.
The weekly RSI and MACD Histogram have already turned down from historically extreme peaks since 2011 or, in the case of MACD H, exceeding 2011.
The MACD Line has only just started to turn down, which is bearish.
There is the risk of a possible negatively divergent higher high before heading lower.
Possible downside target and massive support is at ~$2100.
Gold looks like it is not done on the downside. Minimum target is $2285, but $2150, $2100, and the 200-DMA are possible too.
Silber:
A wonderful and powerful channel has developed in Silver.
Either we’re heading up to the peak of 5 of (3) at $34+ and likely a negatively divergent higher high OR…
We have just seen wave A and B of 4 and wave C down to $29.50 in C is next to complete wave 4, sending the RSI and both MACDs lower.
Steep rise in Silver. Can it be sustained?
RSI and both MACDs are at their highest levels since the record peak in August 2020 = extreme overbought, but it could go a little higher first.
Risk of multiple negative divergences in the RSI.
The odds favor the downside next.
www.sprottmoney.ca/blog/...f8-293809404&mc_cid=e7d9457ef8
Zurück
Weiter
