GLD is a bit stronger today as it was deeply oversold, but I think the strength in the dollar is having a negative effect on the precious metals.
GLD 1 min with a recent negative divergence that may turn this trend around in the near term intraday.
GLD 5 min showing the white positive divergence leading to the move up, the 5 min is in a leading negative divergence.
The 10 min GLD has not confirmed the move up yesterday and today
The trend is rather new, so I don't think it's made it to the 30 min chart as we just see green confirmation. The red divergence was the pullback.
The hourly chart is likely also not seeing the recent shorter term chart action yet and is showing a confirmation, but relatively speaking it is still too low compared to the highs at the left to be considered a leading positive divergence.
SLV 1 min shows the negative divergence late yesterday and a slight positive divergence this a.m.
The more serious 5 min chart is still in a negative divergence. Right now the 1 min chart is not showing strong enough positive divergences to effect the 5 min chart.
The 10 min chart is also showing a negative divergence.
The 30 min shows the start of accumulation on the 17th leading to the latest move up, but we are seeing a negative divergence now, reflected in greater detail on the 10 min above.
The hourly chart still looks pretty decent.
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