gold, page-57207

A couple of things to note from XGD chart technicals from a different perspective. I'll leave it to the viewer to decide.


Fib extension has tested the extension boundaries in full, confluence with the peak of 2011. I didn't realise the current swing high actually broke the all time peak.


For those who use this method, there is Fib clustering of ratios from 2 important swing retracement perspective. I personally do watch the 30wk sma closely.

Now for the negative, a triple top from the long term charts but of worry is the exponential rally. Could the bulls be unwinding their position like in the past?