PHYS – 13 May

It is ugly out there. Gold was up above yesterdays highs and in the process PHYS painted a higher high which nullifies the short term downtrend. As ugly as that big red candle is, it is still as of now a neutral chart with a higher low. An uptrend would require 13.18 to give way to a higher high. The gold market is not trending and is consolidating. The close will be special today me thinks.

Advertisements
This entry was posted in Gold, Matrix Sentry TA, PHYS. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s