Gold update 11.04.23
Updated
Gold is moving in a bearish channel. We do not know how long this channel will last. Until it breaks, the price action will remain bearish. Yesterday the 4H zone failed to hold, thats why I expect gold to go further down to the daily manipulation - the start of the bullish impulse.
I expect gold to form a small daily candle.
Gold vs Silver
Silver was manipulated to the down side. Expecting more down moves.
Gold vs GDX
GDX also started to decline.
Yields are consolidating, but at the moment it seems to me that they could form another bullish candle.
I expect gold to form a small daily candle.
Gold vs Silver
Silver was manipulated to the down side. Expecting more down moves.
Gold vs GDX
GDX also started to decline.
Yields are consolidating, but at the moment it seems to me that they could form another bullish candle.
Note
Still no confirmations for sell.Note
Price broke the channel and the previous high. The Sell setup is invalidated.
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