r4d00d

Momentum has certainly shifted in the bulls favor. A divergence on the weekly charts was spotted along with a double bottom showing itself as well. A close above 49.01 tonight will be a big indicator to those watching and will likely yield a nice push to the upside.I said weekly char and meant daily lol, sorry about that! we now have another divergence on the daily that has formed. I believe this is good for the bulls' momentum as it will pull the rsi down a little, retest the bottom of the channel ( grey line ) and take another shot to the upside, in my humble opinion anyway :)

The somewhat recent break of the upward channel and lack of volume is showing the market rejecting the 28-30k range and the bears are now back in control. A drop to the 21k area will likely provide a nice entry for a channel long however, confirmation is needed first.

Gold is showing that it was overvalued around 2k, again at 1900 and this support we are testing right now could signal the confirmation of a huge triple top dating back to 2020 / Covid. Gold has a good amount of support around the 1500 area. Unless the aforementioned pattern is signaling the end of a cycle instead of a pullback.

looks like we are going to chop around in this area for a bit then come back to the top of the channel.The bulls seem to have strengthened our support at the lower end of the channel once again. There's an increase in volume and its green. I believe it may be time for that upward move.

Key area here, waiting on confirmation. Signs are pointing to a price drop unless I'm missing something! If she can hold here and turn this into support it will be extremely bullish but if she doesn't...