Jun. 4 at 3:04 PM
$HG is still stuck in a symmetrical triangle—buyers and sellers locked in a tight battle as volatility contracts. Bulls tried to push higher earlier this week but got rejected at resistance, and yesterday’s inside-range candle shows indecision.
Price is sitting right on the 50 EMA, a classic battleground. MACD is crossing up, hinting momentum is improving, but the breakout isn’t confirmed yet. Bulls want a clean move above triangle resistance on volume, flipping prior resistance into support.
For now, patience is key. The pattern is consolidating, and chasing a breakout before it actually happens is risky. Wait for confirmation before committing.
Follow me 👉@ChipDistribution7 for real-time updates and everything. Let’s make moves!
