Big engulfing red candle for NVDA last night.....it is likely it will go looking for that big gap below Last time we saw one of those with NVDA the NASDAQ corrected...well overdue.
PSLV last night jumped with volume....more convincing than the last pop 10 days ago....will this one follow through. This chart very bullish to me...corrected nicely to the 50ma, indicators have turned up, pop on x2 volume compared with last attempt.
Chart for AUS POG more encouraging, looks like a bull pennant
US POG still has the HnS look about it which concerns me
Friday trading coming up in the US...commonly sets and/or confirms the trend.
Re USD and POG moving up in unison...we need to see which one blinks first. Ultimately need to see USD weaken if commods are to continue with gusto. Interest rate cycle has turned.
Big engulfing red candle for NVDA last night.....it is likely it...
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