I have not felt a lot of confidence in the move in gold and expressed that Friday. Here' why
GLD 1 min Negative divergence
GLD 5 min negative divergence
GLD 15 min negative divergence.
Many times when a divergence reaches the 15 min chart, the equity is ready for a reversal, in this case, it would be downside. Gold and Silver have had a lot going on from a fundamental standpoint and I just don't see a high probability set up right now that I trust.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
No comments:
Post a Comment