Home/Tag: consolidation

Are We Having Fun Yet? Gold Continues to Churn

The torture chamber remains open, gold, silver, and platinum continue to consolidate looking for a spot to breakout. We know that they will have to eventually break out in one direction or the other, as […]

By |2020-09-18T10:45:07-04:00September 18th, 2020|Articles|Comments Off on Are We Having Fun Yet? Gold Continues to Churn

Gold and Silver Fail First Test

On Tuesday, both gold and silver attempted to break out of consolidation and potentially start a new uptrend. They both failed closing lower on the day which is a more bearish sign. However, they are […]

By |2020-09-16T08:48:59-04:00September 16th, 2020|Articles|Comments Off on Gold and Silver Fail First Test

Gold and Silver Under Pressure, Platinum Flat

Gold and silver are under pressure this morning which is really no surprise after the recent rally. Both appear to be in the consolidation phase setting up the next move. This phase is very common […]

By |2020-07-07T10:16:22-04:00July 7th, 2020|Articles|Comments Off on Gold and Silver Under Pressure, Platinum Flat

Today’s Weather: Gold Stormy, Silver and Platinum Calm

Gold has become like a weather report, unpredictable and timing is almost impossible. The last few weeks have been very stormy for Gold, although the long-term trend remains up, the short-term action has been negative. […]

By |2020-05-27T10:33:06-04:00May 27th, 2020|Articles|Comments Off on Today’s Weather: Gold Stormy, Silver and Platinum Calm

How Long Can These Patterns Last in Gold, Silver And Platinum?

The simple answer is no one knows. All markets go into different phases, the basic three are congestion, breakout and blowoff. The pattern that torments traders and investors alike is the congestion phase, also known […]

By |2020-05-13T10:19:14-04:00May 13th, 2020|Articles|Comments Off on How Long Can These Patterns Last in Gold, Silver And Platinum?

Gold Holds Support, Silver at Resistance

On Tuesday Gold dipped below 1700 June futures and managed to close near the highs of the day. This morning Gold was slightly higher and once again a large seller showed up again taking Gold […]

By |2020-05-06T12:22:57-04:00May 6th, 2020|Articles|Comments Off on Gold Holds Support, Silver at Resistance