RE: testing $18 againAstute observation scout. FN's not budging down very much even if gold prices do, at least lately.
Do you also look at some of the other technical indicators like RSI MACD MA's? They all seem to be clearly broken out this past month or so. Some for the first time in a year or more.
Or on the converse, is anyone else doing t.a. on the U.S. dollar right now? Take a look at this chart and tell me there's not a new bear trend in place.
https://futures.tradingcharts.com/chart/US/31
No not yet! Nearly pulled the trigger last week around $17. Short term I'm waiting for a pullback, was also a little surprised it didn't when gold broke down below 270. I see it's back up above what appears to be a key level overninght, could be interesting tomorrow if it holds.
Any serious chart readers/technicians have any opinions on the charts for the POG to date, I would like to hear them.