while $gold futures made a lower low, the $silver low of Sept 24 is still holding with over 11% higher
this is a serious anomaly in cycle trading, not seen since... August 2010
(1)
back then in august 2010 $silver found it's low fast after 16 days, while gold needed 34 (!) days more to set the final intermediate cycle low, all those 7 trading weeks $silver refused to fall... something was brewing.
August 24, an 8 month rally started adding 178%
(2)
we have an almost identical setup now.
$Silver made it's low Sept 24, $gold made a new low more as 32 days later, while $silver kept grinding.
$XAUUSD #gold
since 2018, cycles (bottom to bottom 6 month cycles) have been running a LOT longer as in 2008-2011.
We now basicly had 2 corrective retraces, and 1 crash.
$gold always uses the same trick. over and over.
(1)
it always has FBO's from intermediate drawn trendlines.
this is 2019
look at the nice false break outs and the hard drops.
top to start impulse up, was 68bars (spring) and 77bars (fall)
(2)
look again at the fall 2019 - very similar
the ABC finished Nov 12 - i think we are 1day upfront (green arrow) - looking for a low with a break, as this will turn conservative traders even more bearish