Gold Holds True to Form, Silver Joins In
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 […]
Gold, Headed Lower, Next Stop 1750
The pressure on Gold remains strong, nothing has been able to shake the bears from selling. The trend is clearly lower, Gold is headed to 1750 and 1700. The path of least resistance is lower, […]
Gold’s Dead Cat Bounce Should Be Sold
Gold has been under pressure since early January and is approaching the November lows. However, like all markets we don’t expect Gold to go straight down without attempts to reverse direction. This is usually profit […]
U.S. Markets Closed Gold Under Pressure
Although the U.S. Markets are closed today for President’s Day, markets still trade electronically until 1:00 EST. The trends have not changed with equities making new highs once again, Crude exploding higher and Bonds getting […]
Gold, Silver and Platinum Look to Be in Trouble
It appears the churning of Gold and Silver is ending with the resumption of the downtrend. The inability to take out resistance is a clear sign that the buyers have failed, making room for the […]
Gold, Silver and Platinum Under Pressure
Last week Gold and Silver tried to rally and reverse trend, they failed. This morning, after churning around unchanged until around midnight, suddenly the sellers showed up until about 3:30 am EST the selling was […]
Gold, Silver and Platinum Under Pressure
Election day is over but the election itself is not. Although we feel comfortable calling a Trump victory with both the markets and betting markets in agreement that President Trump has been reelected. However, there […]
Gold, Silver and Platinum Under Pressure
What does Thursday’s rally in gold, silver, and platinum tell us? The answer lies within the price action and weakness of that bounce. The metals are under pressure and showing no sign of letting up.
On […]
Gold Tests First Resistance, Silver and Platinum Quiet
Gold has been moving up the last couple of days and has reached the first resistance 1730 June Futures. The pattern looks ready to breakout out to the upside and may be reversing the recent […]
Gold Under Pressure
On Monday, June Gold Futures hit a new high at 1788.8. Since then, it has been under pressure. This morning Gold traded as low as 1696.8 which was a solid support area. Gold has bounced a few dollars but still looks weak. However, we remain long and will stay there until Gold closes below 1660...