Silver almost tagged $30, but then turned back hard,
finishing the session pretty much where it started,
and leaving behind an absurdly long wick on the daily candle.
About a 5% intraday reversal.
AUD gold made a similar but slightly less extreme move.
About a 3.5% intraday reversal.
You might call these Claytons Corrections, or even...
The corrections we had to have.
Pullbacks, really.
Was watching the indicators on AUD gold last night,
and thinking that wasn't sustainable.
RSI 90 and a total of 5 overbought indicators flashing.
You can have embedded overbought conditions in a bull run,
but there are limits, lol.
So now it looks like this on the Daily...
with the Weekly being similar.
And Silver is a little cooler than that...
with the Weekly being a little cooler still.
