Gold and Silver Ready to Run
Monday was a solid day of gains for Gold, Silver and Platinum however none of them reached the key levels of resistance. The patterns are setting up nicely and we would consider step one completed.
For […]
Monday was a solid day of gains for Gold, Silver and Platinum however none of them reached the key levels of resistance. The patterns are setting up nicely and we would consider step one completed.
For […]
Last week was an interesting one for the metals. The bottoms held, the trend reversed and from looking bad they now look great. Forget about the news, the price action and charts show bullish information. […]
Tuesday was a wild day for Gold, trading up to 1786 before failing and closing at 1769.4. The rally did fail however Gold managed to put in a higher low. This type of action leads […]
Yesterday we mentioned and explained buying the dip when markets are in uptrends and selling rallies when in a downtrend. The support level we were looking for was 1760 December Gold, the low was 1760.3. […]
Gold and Silver reversed trends last week but were under heavy pressure on Friday. One of the biggest faults with traders and investors is they get too emotional when markets go against them. The keys […]
The bulls have finally taken back control of Gold, Silver and Platinum. All three have now managed to reverse trend after their prolonged downtrend. We have seen them break […]
Gold and Silver are seeing a solid rally this morning pushing up to our resistance levels. Until proven otherwise, we are sellers at resistance with the trend still lower. Based on the trend and recent […]
Another day, another mixed day in the metals. Gold and Silver appear stuck in quick sand as buyers don’t have enough power to push them up and the bears don’t have enough to push them […]
Friday saw another horrific jobs number which is exactly what the current administration wants. They want to keep stimulus as they work towards universal basic income and socialized medicine. Gold was rallying just before the […]
Many times, we have written about the phases of the markets and the most challenging pattern, consolidation. Known as the pattern that haunts traders because of its indecision. Consolidation is known as the greatest time […]