Strength in gold

Yen, Bonds, Metals all getting along today for once. Camarilla range fully explored. $GLD $SLV $GDX $GDXJ

Kommentar:

Whenever you see a range explored between the CAM S3 and R3 pivots on ANY time frame, the general move after is a mean reversion to the previous period's close, which in this case is the 2017 close.

Kommentar:

The circled pivots above are Camarilla Year S3 and R3. XAUEUR completely pinned (for now) between them.

Kommentar:

Major give back in the last 48 hours.

Kommentar:

The entire price history after topping out near Year CAM R3 looks like a pretty good bearish impulse wave.