Money outflow of precious metals last week. Increase short position. Masive physical buying. Gold trying to find a local bottom.
I see this as a fake out. Adjusted trend line holds. 200 ema around 24 usd.
Most of the recent corrections lasted for 2-3 days in this parabolic move. Corrections got smaller while moving higher. This is the first real correction that lasts 3 times longer than previous corrections and is at 35% now. After each correction, price moved up fast. This is the first MACD daily in negative. I think its very healthy, but scary correction.
Gold down, everybody in crypto and stocks, silver money outflow, still the price is pretty high. Silver explosive move coming... Above 30 the price action will accelerate. Short will run away and come back at 50 usd.
