Gold Charts Breaking Down

Interesting to see gold charts are breaking down through up trendlines. Peter Schiff still flogging the precious metal to his followers without abandon sounds like the crypto bros he makes fun of weekly. If you had listened to Schiff, you would have gone all in on gold as it was going to go to historic highs “soon.” Didn’t happen.

Monthly chart looks ready for a bearish crossover on the 6 x 10 EMAs

Weekly chart shows the “faded” breakdown which simply means, it broke below the trendline and then bounced back to close above it. Will that bungee cord snap this week?