While the rest of the market is displaying 1W divergence and cooling off, GOLD is steadily ramping up and is sitting just below its all time high (ATH). I would be highly interested in a LONG trade setup on GOLD should the 1W close above 2420. This is shown on the chart by "LONG GOLD 1W closure above 2420" Don't forget to set your alerts ;) For potential Take...
If you can plot and follow SPY, you can understand what the rest of the market may do. SPY has been overextended for quite some time, based on its trendline from the Covid lows of 2020. Please also note the bearish divergence on the MOMENTUM of SPY which is indicative of further downside. 1D/1W displaying bearish divergence on the momentum While the growth has...