| | | MUX needs to to close above the upper pivot line which is last Friday's red bar at $19.80 for a few days to get a foot hold of a possible uptrend, we need to start seeing some consecutive higher lows and higher highs. I removed the other pivots that were above the $19.80 for now, they can be seen on earlier posts.
The lower pivot crosses over the red bar from 10/07/25 at $18.05, that's the next line to watch. MUX dropped below the 20-day-ema on Monday but managed to close just above it, "a very good move".
Once below the lower pivot at $18.05, the 50-day-ema comes into play, with a pause at the $17.28 pivot. Gold and Sliver have been selling off and money has been flowing into the major indices, this sell off on gold and sliver is all technical, not fundamental. We need to regain the 20-day-ema asap, a few days below the lower pivot could start another leg down, ...or a few days above the upper pivot could start a possible recovery. - GL James
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