Gold chart looking bullish; Pd to lead new PM surge?

[PatColo]

what an odd divergence today; silver shits the bed testing, & breaking ~$17.50 support of the past month, off 2.5%, & gold off nearly 1%,

meanwhile Pd streaks decisively to yet another new high, touching so far high of $1,694 +$28

hourly Pd chart: https://www.tradingview.com/x/o50HTYVs/

this show can't go on - afraid Pd's gonna have another one/two of its $100 waterfall days; or...

[old steel]

Physical gold and silver are still being shorted by the billions in the paper derivative market by the banks on the Comex.

Until that changes with Jamie Dimon and Blythe Masters behind bars for rigging of the physical gold/silver markets it will continue on.

[PatColo]

what an odd divergence today; silver shits the bed testing, & breaking ~$17.50 support of the past month, off 2.5%, & gold off nearly 1%,

meanwhile Pd streaks decisively to yet another new high, touching so far high of $1,694 +$28

hourly Pd chart: https://www.tradingview.com/x/o50HTYVs/

this show can't go on - afraid Pd's gonna have another one/two of its $100 waterfall days; or...

the Pd divergence show goes on this Sun night Asia open... up +$13 or 0.8% atm, pennies from Fri's $1694.xx intraday all time high,
https://www.tradingview.com/x/d7fkvwzL/

while Au/Ag both down fraction of a %. Pt just making a tiny +0.2x% sympathy move with its Big Cousin Pd

[PatColo]

Crazy tug of war between Pd, vs the other 3 bigs, Au Ag Pt these past ~24h

Last night Pd surpassed Fri's new all time high $1694.xx, & pierced $1700 before getting drawn down with Au/Ag, which both broke down through support of their preceding ~5 week basing patterns. Pt collapsed the bigleyest, down >5%. Yet all through Mon, Pd maintained a higher high, & higher low than its Fri trading; no 'collapse' whatsoever!

ATM Au & Ag both declining further, making new 6-8 week lows; Au touched $1,460.xx & Ag touched $16.87.

But Pd still holding tightly within it's Mon range, $1,673 atm; goodly above it's Mon $1655 low.

SOMETHING's keeping Pd so buoyant, esp vs its PM peers! But alas I still believe a reckoning is due -- will be either a fast Au/Ag/Pt snap higher; or more likely I'm afraid, a Pd $100 waterfall of cascading stops...

[PatColo]

nice all greens action across the PMs today.

Ag look like it's prolly put in a bottom, touching 16.87 last week

Pd threatened a breakdown overnight, touching 1,629 for < 1 min then prompt reversal - but that was a ~3 week low going back to Sep 19th. Here's an hourly chart going back to 9/17 https://www.tradingview.com/x/9fQC40mb/ - after last night's little breakdown scare she rocketed right back to middle of current sideways basing pattern which began 9/19, & closed only 1.7% off its $1700 all time high - still the closest of all the PMs.

Biggest % Pd got off last week's 1,700 all time high, & last night's ~3 week low of 1,629, was only 4.2%

Last night looks like a "running the stops" swindle move, actually.

[PatColo]

all reds in the PMs today; oh woh is us eh?

WAIT! What's this??!?!
https://www.tradingview.com/x/4Od3NgrH/

[PatColo]

Pd doing that crazy new all time highs thing again today

https://www.tradingview.com/x/5J6Bg5vR/

[Cebu_4_2]

I used to be very good at reading charts prior to 2008. Chart looks good to me. Then again I lost 130K I should not have been playing with and am now below poverty level lol. It was fun tho.

[ziero0]

A buy and hold strategy beats market timing every time ... unless you happen to be psychic... which happens to be close to a situation called psychotic.

[PatColo]

at least so far today, PMs following through with their short term selloffs began Fri.

Au/Ag both broke support going back to early Aug; Pd is only making < 1mo lows from mid Oct.

taking pricing from https://goldprice.org/ (click Pd in the right-sidebar beside the big live candlestick chart); Pd's late Oct all time high was $1823; price atm $1700 aka 6.75% off its high.
~1y chart: https://www.tradingview.com/x/wX8tJzOz/

Just taking the recent multi-year highs of Au & Ag,

Au (early Sep) high $1557, now $1448, = -8%
~1y chart https://www.tradingview.com/x/Ow9H0MyG/

Ag (early Sep) high $19.58, now $16.70, = -14.7%
~ 1y chart https://www.tradingview.com/x/n7oBKjYu/

Me thinks this pullback is a bump in the road aka opportunity in this still-intact bull market. Buy today, be happy next Apr/May.