GLD (gold ETF) continues to rally following the recent divergent low & has gapped above the 180.14 resistance today with any pullbacks to 180.15~179 offering objective add-ons. Previous (July 7th) & updated 60-minute charts below.
GLD 60m July 7th
GLD 60m July 12th
SLV (silver ETF) also continues to run following the divergent low & has gapped above the 21.50ish resistance today while any pullbacks to 21.50-21.25 would offer an objective add-on. Previous (July 7th) & updated 60-minute charts below.
SLV 60m July 7th
SLV 60m July 12th
EUR/USD continues to rally following the recent divergent low & subsequent breakout but has rallied into the 1.097ish resistance with negative divergences, elevating the odds for a reaction & potential pullback in gold & silver until/unless it can power through. Again, the odds for a reaction on EUR/USD are pretty good & as such, I would not be adding to a swing position in gold or silver, rather best to wait for a pullback or some consolidation followed by a breakout first IMO, if not already long. 60-minute chart below.
EUR-USD 60m July 12th