I mentioned there was a 1 min negative in GLD earlier, but now they are showing clear signs of negative divergences building.
gold futures 1 min are just starting a relative negative divergence
The GLD 1 min was negative earlier, now it's starting to lead negative.
The divergence is migrating to longer timeframes like this 2 min
and this 3 min
SLV is even seeing a 1 min negative as well as...
a 2 min negative, these were nearly perfectly in line at the open so this represents some deterioration in underlying trade.
This is why I'm not fond of making price-based, emotional decisions.
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
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