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Gold for Bears: Daily Update for 22 Jun

|Includes:SPDR Gold Trust ETF (GLD), SLV

Quick introduction: Charting the end of secular bull market, long term charts here
Last daily update: here



Daily status:
- Rising wedge (bearish)
- Possible downtrend channel forming
- Bearish outside reversal made on monday, possible trend change. Confirmation needed. Today's up candle doesn't count (inside day)
- Wednesday & Fed Meeting coming together. Wednesdays usually are good days for continuing trends on gold, they can also be volatile. If uptrend line (blue) is going to be broken tomorrow is a good day for that.



Disclosure: Short Gold and Silver

Stocks: GLD, SLV