The massive volume has stopped. Literally, as soon as it disappeared...down it goes. Look at the volume bars at the bottom of this chart and you can see it.
Perfect pop out of the multi-day wedge and subsequent days TL's. Now, if this is anything more than a backtest of rising support line (green)...well, back down to new lows it goes...
EDIT: NOPE...like a hot knife through butter. Down faster than it went up this morning. Stochs can embed bearish for hours/days on this chart, but one quick visit to bull territory is immediately slapped down hard. Nothing has changed here.
Long term view, this is the place to be right now. But it turns out short term trends don’t support gold or miners. If you stay in it, only thing to do is take the easy scrapings that occur in intraday trends. By no means is it but and hold. All gains were drained today.
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