The sharp two-day drop in Gold Silver and Platinum has produced daily-scale bottom extensions in each one:
This has the usual meaning – expect a bounce that may well end the drop hereabouts. It is always worth buying at bottom extensions, as:
- they are our single most reliable signal, because:
- price drops often end with a ‘spike’ or ‘V’ bottom
- even if further weakness eventually occurs, as part of a more complicated ‘bottoming process’, it will not usually be serious
All signals provide by software developed by our friends at Parallax Financial Research www.pfr.com
