Gold and Silver Showing More Signs of Weakness
Gold and Silver are both slightly higher overnight but continue to show signs of weakness. With each rally attempt Gold and Silver show a lot of room on the downside. Our first resistance in Gold […]
Gold and Silver are both slightly higher overnight but continue to show signs of weakness. With each rally attempt Gold and Silver show a lot of room on the downside. Our first resistance in Gold […]
Gold is starting to show some life and the potential for a trend change. The major level of resistance is 1750 April futures. Although we remain short and will stay there until our algorithm turns […]
Gold continues to be under heavy pressure and broke below 1700 on Wednesday. There was an immediate bounce with Gold still closing lower on the day. The trend is bearish showing no signs of new […]
The selloff in Gold continued on Monday and so far, today. 1700 April Gold futures which we could see today. There is no doubt there will be some sort of bounce in Gold, but the […]
This morning the metals are moving higher which was expected after Friday’s ugly sell off. These rallies in bear markets are meant to be sold. In other words, we are looking for a level in […]
Gold continues to trade according to plan and of course the trend which is down. Since the downtrend has begun, Gold has failed at every resistance level and make a lower low. Until there is […]
The metals have been quiet this week while at the same time confirming their trends and establishing new levels. Gold remains in a solid downtrend and has established a new resistance level. We are now […]
Friday, Gold made a new 8 month low and is bouncing this morning. This rally is normal and natural from a new low. The odds favor that this rally is just another selling opportunity and […]
Metals continue to trade in different directions with different patterns. Gold and Silver continue to struggle on what to do next. Gold is in a downtrend, just one week ago there was a panic sell […]
Markets are always interesting to watch as they go through their motions always ending up with a trend move. Timing those moves is always the challenge which is why we are mechanical traders without emotion […]