DislikedHi there, good points, do you think what is happening right now could be a reaction to the massive USD-CHF move earlier?
Gold moved 60 dollars in the last hour, completing the "mirror" correlation with USD-CHF.Ignored
I do know looking at the chart most everybody took the moves they were going to take yesterday including the both of them.
monday she tested the trend guide and bounced up closing like she wanted to go higher tuesday and she did but she closed the day hanging around the trend guide.
Today, silver on the 5 min. acts like she wanted to start below 42.00-13 and you see the pa and candle formations with gold dropping below the trend guide @ 1869 area.
Dont forget gold is at its extended yearly highs at 1921-36 area and if banks are able to maintain control and manipulation the normal pattern would be to rotate back.
usd chf are at its monthly pivot to highs 8633
e/u hit its weekly and monthly pivot area 42.99-43.08
silver 42.00 @ weekly pivot