UPDATE: Inverse H&S at major support
Gold & Silver have been difficult to track of late due to being caught between two raging ego's, both Trump & Xi. Right now we are at very strong support, the 88.6% fib retracement and we also have an inverse H&S on the 30-minute chart.
It's difficult to see what drives precious metals in the short term but it almost feels like a beach ball held under water! When these two move it will be big, for now, we need to see more from both the Fed and also we need to see China stop playing with the RMB.
This is the highest level of negotiating most of us will ever experience!
It's difficult to see what drives precious metals in the short term but it almost feels like a beach ball held under water! When these two move it will be big, for now, we need to see more from both the Fed and also we need to see China stop playing with the RMB.
This is the highest level of negotiating most of us will ever experience!
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