Interesting Head and Shoulders Top pattern on the XAU/XAG spread using Renko charts. Longer term, potential double top pattern may be forming (not shown). I'm waiting for pullback and reverse at the neckline for entry. Note: These Renkos can be tricky to use. Consider making minor adjustments to Renko block size, and also follow with candlestick charts as backup.
Im a supporter of the idea that Gold will have its recoil after technical correction. The fact that XAU/XAG is moving down would support my idea, wouldn't it?
SVespTV1
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Yes, weakness in XAU/XAG typically suggests near term strength in the precious metals. I'm looking for a bounce here in both metals.