Quick Metals Update - Market Analysis for May 21st, 2020

In order to maintain an immediate bullish bias, the market is going to have to see a strong reversal within the next 24 hours back to the upside in an impulsive 5-wave structure.  If that does not occur, then we have likely begun a more protracted pullback in the complex.

GDXdaily
GDXdaily
GLD60min
GLD60min
silver144min
silver144min
Avi Gilburt is founder of ElliottWaveTrader.net.