Strength in gold

By mortdiggiddy
Uppdaterad
Yen, Bonds, Metals all getting along today for once. Camarilla range fully explored. GLD SLV GDX GDXJ
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Whenever you see a range explored between the CAM S3 and R3 pivots on ANY time frame, the general move after is a mean reversion to the previous period's close, which in this case is the 2017 close.
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The circled pivots above are Camarilla Year S3 and R3. XAUEUR completely pinned (for now) between them.
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Major give back in the last 48 hours.
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The entire price history after topping out near Year CAM R3 looks like a pretty good bearish impulse wave. snapshot
GoldHarmonic PatternsTechnical IndicatorsMetalsPivot PointsSilver
mortdiggiddy

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