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The Technical Take
...as support gives way
The 'Dull Summer' may be Coming to an End.
... and the US Holiday and Weekend won't help.
...time to cut some length.
...pullbacks are likely to be short-lived
...on the verge.
...as the US Dollar turns to head higher.
"...thou shall not chase strength in Gold"
...on this momentous day.
...even on the day of a fool - a bull remains a bull.
... as the month draws to close.
...as we hit the top of the channel.
...as the Dollar strength continues.
...but uncertainty still prevails.
...as weekly and daily charts confirm.
... the market continues to be uninteresting.
...the power uptrend has gone. $2800 seems a long way away.
...is the top in?
... as Silver prepares to take on $32.20 - again.
...and the shape of the market.
...The Market Cleared Resistance...and Failed.
...horizontal resistance has been cleared
...better late than never
.... while we wait for the Fed.
war and politics combine for a perfect storm.
...Gold Shows Strength, While Silver Lags
...which is why we hug the sidelines
...and silver starts to move.
...Silver refuses to confirm.
...as the global markets reel.
...sometimes it depends on where you're standing.
as always....those who chased strength are in trouble.
...our first target
...Silver is pulling back.
...it's the bounce that counts.
....bouncing off the first retracement.
...after the sell-off.
...starting with Crude Oil - and impacting everything.
...and why we have further to run.
...there are no free rides, even on the bull.
...or at least to the Stars
...finally. on the back of Silver
....becalmed is the only word.
...poorly placed length will be forced out.
...finally, the pullback.
...and its not Gold
....finally, we are backing and filling
...trying to break the ever-narrowing gap.
...as the US Dollar stays firm.
...explosive volatility on the Metals roller coaster.
...after the run-up.
...the channel top approaches
...as the US Dollar surges.
...we are settling into a totally new environment.
...a very mixed picture.
...slowly, we retrace.
...that is the question.
...our course of action.
...as the horizontal resistance falls.
as Bitcoin steals the limelight
...now for the real challenge
... it worked...now what?
...as we touch down on the horizontal
...but show signs of life.
...but can it hold this time?
...as the US Dollar continues to firm.
...and starts to fail.
...US Dollar strength overpowers Gold
as we sit on the EUR/USD crossroads.
...war escalates in the mid-east
...as indecision reigns.
both Silver and Gold are barely holding on.
US Dollar roars back to life.
...as we head towards the end of the year.
...as we head to the holidays.
... as the market turns back up.
...as our trend line gives up the game.
...Gold needs to get a move on.
...as the retracement takes hold
as we hit the end of the Month.
...as the market powers higher.
...and brings a light to Gold
...the marker is clear.
...our trend line continues to set the tempo
...music to the ears of Bulls.
...after the surge.
....now for the important part
...as we head to the weekend
a pullback in line with expectations
...on the launch pad.
...silver looks like its completed the retracement.
...more confirmation.
...slingshot confirmed.
...we're poised to test all-time highs
... will the rally resume?
... the market looks like it wants to retrace.
...but the US Dollar continues to charge
...as we break out the contrarian life-raft.
... apparently the US Dollar is not "finished"