Very interesting this is a great learning experience thank you for clarifying; your chart is much better.

Yes. I highlighted that potential bull flag pattern on the gold weekly chart in this post about 2 weeks ago (2nd chart from the bottom): https://rightsideofthechart.com/gold-us-dollar-euro-analysis/

Agreed.

Here’s an updated chart of /ES which just put in a divergent high & will trigger a near-term sell signal on a break below this minor uptrend line.

I like to use both the 9 & 14 settings on my RSI but will usually stick with the 14 settings on the daily & weekly charts & the RSI 9 on the 60-minute charts. They are similar although the 9 will usually just give you higher & lower overbought & oversold values but it is more so the divergences that I look for as well as the extreme overbought & oversold readings.

I read this article yesterday (https://www.zerohedge.com/commodities/gold-bull-part-deux) and tried to find the same pattern (daily: /GC) on my charts but it looked like a rather sloppy pattern but maybe I’m missing the finer details
https://www.zerohedge.com/s3/files/inline-images/GOLD-1.png?itok=FWCjsk_i

let me know if anyone else sees this because I’m rather unsure.

YW. Although I didn’t include the 60-min chart of SPY, there is a comparable price channel to that on QQQ so ideally (for a sell signal) you’d want to see a solid break and/or 60-minute close below both of those lower uptrend/channel lines. Also, keep in mind that the potential for whipsaw signals until after the regular session has opened & the initial dust following the open bell has settled on Friday (as the last of this week’s big earnings will be out of the way) is elevated.