A couple more days of sideways trading and technicals are much...

  1. DmitriMA
    3,415 Posts.
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    19/04/24
    11:15
    Post #: 73422464

    A couple more days of sideways trading and technicals are much cooler now...

    https://hotcopper.com.au/data/attachments/6112/6112750-202e33f5f5fef7cf391a3469d0870b07.jpg


    https://hotcopper.com.au/data/attachments/6112/6112752-5df4249e3e0cba9755d5b331401d6d6d.jpg


    (Hourly) charts have formed Pennant setups, with Aussie Gold a bit stronger than Silver...

    https://hotcopper.com.au/data/attachments/6112/6112766-50fd3ba00d704af0ae12e4d38da8b1d5.jpg

    AUD GOLD
    https://hotcopper.com.au/data/attachments/6112/6112772-2b3410cc2a2ffca5a1ae741f44b40a24.jpg

    The convention is that Pennants break to the upside in an uptrend,
    though I've seen Silver do the exact opposite in the past, when the Manipulators had control of it.
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    lightbulb Created with Sketch.  Great analysis
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