From the June 1st Weekly Breadth Update:
"Special note this week comes with the precious metals asset class as the XAU advance/decline line is now getting squeezed by the apex of its symmetrical triangle, while at the same time, the Precious Metals advance/decline line has lost its bullish divergence as it continued to weaken. With the Aussie advance/decline line maintaining its course of making new all time lows, the short term expectation has now has turned around toward a bearish resolution for the metals overall...probably having more to do with a strengthening dollar than anything else."
From the June 8th Weekly Breadth Update:
...while the precious metals A/D lines continue to compress to the point where a dramatic move in this asset class is likely to happen sooner than later."
From the Chat Room discussions of June 12th:
2018-06-12 17:15:14 fib1618: the price of gold continues to bang its head against EMA resistance
2018-06-12 17:15:18 fib1618: nothing bullish there
2018-06-12 17:16:00 fib1618: though the ADX indicator has now relaxed enough where a new trend can begin at any time
2018-06-12 17:16:43 fib1618: the price of silver continues to barely keep its head above water of the 200 day EMA
2018-06-12 17:17:40 fib1618: seems the gold bugs are hoping for a precious metals breakout to the upside and are trying to "lead off"
Fib
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