Recap for the day on $GLD $GDX gold

Got up above the $2750 cutoff on declining volume to find the fifth instance of responsive selling activity

If sellers are able to absorb the buyers at this upper range, it looks like we might fade gold back to $2700, where a convergence to $SLV silver might be helpful

Based on the spreads with $USO $OIL crude oil and $TLT $TNX bonds, it looks like this thesis might be supported

So long as the $XLI $XLE price action successfully gets the $DXY dollar selloff to get here ☕️
#gld
#GLD #GDX