Reversals
By GCRU Gold News on Friday, June 17 2016, 05:52 - Permalink
One reversal of potential consequence happened in the gold market, with the gold price moving well above its early-May high and last year’s high ($1308) before turning around and ending the day with a loss.
Another reversal happened in the silver market. Silver’s reversal looks more important than gold’s because it resulted in an “outside down day” and created a bearish divergence between the gold and silver markets (a new high for gold combined with a lower high for silver).