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The Technical Take
...until we negate the channel... we're going nowhere
...can the inside rally become bull market?
a potential gap higher, as we close in on the 100-day moving average
...and why discipline pays
...now for the tough part.
a possible reversal meets horizontal resistance.
...as the holiday weekend lifts the market.
as $1700 approaches.
Friday's Close Did Not Help
...downtrend accelerates
we have arrived at an interesting crossroads.
...as NASDAQ swoons and Gold tries to hang tough.
...a breakdown...or a set-up?
...when you can't break free - the scalper's tools can come in handy.
...and the 50-day moving average sets the pace, again.
...still searching for the breakout.
Silver leaps 2% on the day...Dove-ish FED does the trick.
...a new uptrend develops, while fears of an equity pullback hamper higher prices.
...can it break free?
....increasingly, that seems to be the case
...and a new strategic outlook.
...and we search for a near-term bottom.
... the Dollar bears are feeling the heat
...as the channel grips the Metal.
...as the market settles down.
...as the bottom of the channel beckons
...but the Metals have been weakened significantly.
... and the Gold/Silver Ratio climbs.
...as we touch down on support.
... as the Metals drift lower.
... a profit taking opportunity?
early days, but are we setting up?
...and what channel indicates for the Dollar
...as the Euro tries to hold on
...as we hit support.
as the market stalls out.
...as the rally resumes
...as the downtrend is cleared
Metals Marked Down...but the Ratio Stays Flat
...as Silver meets resistance line
as the Gold rally stalls out
... as Gold stabilizes
...after the bounce
...as the market pauses
...and takes the next leg higher
we didn't hold yesterday's level - and down we went.
...after the mayhem - the return to reality.
...as Gold tries to hold on
Weekend Chat Pages Set Bonfire to Silver Market
...while EUR/USD goes flat.
...but is the market getting "goosed" ??
as the 'collapse' fails to materialize.
...and the Dollar rally consolidates
...as the market pauses
while Gold drifts lower.
...an inside rally develops.
...as the correlation trade gets smacked
...as Gold takes slight comfort.
as Gold makes a modest recovery
...as Gold Bulls get nervous
.reflects an indecisive market.
Dollar Rally No Impediment to Gold's Advance
Too Many Dollar Bears Spoil the Golden Soup
...poking its head above the channel marker
the downtrend has been cleared and the 100-day Moving Average Surpassed.
... its relevance and recent performance
...and now the 50-day moving average is back in play
up 4.5% in early trade.
after moving above the downtrend
another rally to the downtrend...
Agriculture Remains the Hot Commodity.
...if you play 'follow the cheerleader'
...50-Day moving average turns Gold away. But an opportunity takes shape.
..the slingshot takes shape.
Gold retraces back down after Friday's advance fails to hold.
the slingshot potential beat the buzzer...can it follow through?
...but can it hold for Friday's close?
...harvest time
...are we developing a 'slingshot' to the upside?
..the short covering went as planned
...right at $1810
...because you will lose money.
...at the month's end - a marker is reached.
...your ears and mind need to be open
failure to follow through is raising concerns for a sharp move down
...as we close the spec for small loss
...the passage of time is helping the chart position.
after a marginal close on Friday
...fends off the breakdown and mounts a spirited defense
... all eyes on $1850 as the battle re-commences
...good news and bad - after the deluge
Monday Morning Follow Through
puts in a strong Friday close.
and settles in to new level
...resumes
Volume Declines, Volatility Evaporates
...as the uptrend fails
Bulls grab encouragement from what looks like a breakout
resolution beckons...but not just yet.
Gold struggles to get off the mat.