Gold Sentiment Crushing
HUI is outpacing Gold, one of my favorite indicators of late. Today's spike through the 30Wk SMA is significant, as you will notice it is similarly launching us south of the yellow volume-heavy zone and breaks the .5 retracement from August.
Transitioning from this yellow 'chop zone' into the green summertime 'Peak zone' to a 'double bottom' coinciding with that reached in August and the lower rail of a broadening descending wedge, at this stage I'm almost ready to bet my hat on it.
enjoy the day folks and Lá Fhéile Pádraig to you all
Transitioning from this yellow 'chop zone' into the green summertime 'Peak zone' to a 'double bottom' coinciding with that reached in August and the lower rail of a broadening descending wedge, at this stage I'm almost ready to bet my hat on it.
enjoy the day folks and Lá Fhéile Pádraig to you all
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