15M bounce recently Gold Silver. Bears moving in. Trend down
I said on Friday I thought a deeper correction in Gold may happen, because, Gold and Silver price both sold-off moderately on Friday but their price closed at the bottom of a tight zone and their price made absolutely zero attempt to return to higher prices. Smart money was not buying and the same theme is happening today.
Crypto, USD$ have been rallying lately together, but Gold is being cutdown, watch out for a huge move down similar to the couple of corrections of around 15% earlier in 2024.
Please take a look at the Daily and Weekly chart.
