We did a small pop up as I suggested 13 days ago. I still remain longer term bullish on the precious metals. Longer term and shorter term down trend lines have been broken. The previous high from early April has been bettered. I think it is likely there is short term more down action for the next few days but I personally will not trade that since longer term I am still bullish. I hope to go long if prices make it down to the target area and then show some bullish signs (ie, candle formation or short term downtrend line break.
On longer term charts I usually use the LOG scale and on the log scale the downtrend line from November 2012 was broken with this last pop up.
On longer term charts I usually use the LOG scale and on the log scale the downtrend line from November 2012 was broken with this last pop up.
