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The Technical Take
can we sustain a move above the long-trending channel?
market is up 3% on the day
...sure enough, our breakout is featured.
the short-term power trend develops
meeting up with the old overhead resistance.
... after shaking out the weak length
stepping back for a look at the channel in first half of the year
...a little tree-shaking never hurts a bull.
... as the week begins
on a quiet Friday before the 4th of July.
as the second half of the year gets underway.
...perfectly.
as the Overhead Resistance closes in.
a good place to take some money off the table
an addition to the channel development
Friday's action gives shape to the channel
in a quiet Friday morning market
...new parameters slowly take formation
...we haven't been this high since October 2012
...except it isn't
...settling in for a look at the new surroundings
...while Gold makes hay.
Gold Gaps higher, taking out the ever-resistant $1748 level.
The Overhead Downtrend Proved Sage
could we actually get over this time?
...as the horizontal parameters persist.
a decent recovery...but the channel points lower
as Silver turns Sour
Stock Market's Sharp Fall Limits Gold Price
can it hold on for the close?
..while Gold plays catch-up
a slow recovery is developing in precious metals
...no need for wild charts...just a simple confluence of factors
A look at the trend lines
An indecisive market has set out its stall
as the 50-day moving average gives way
Gold has snapped back... but the real challenge lies ahead.
Gold is faltering...short-term strategy ideas
The first challenge for Silver's recent surge
...gold is sizing up the next move higher.
...the old enemies die the hardest
...as Silver rally takes to the skies
a look at Silver's power trend
Yesterday showed the importance of discipline for successful trading.
Silver's push against the downtrend
Poking its Head above the Parapet...
Horizontal Resistance and the Downtrend Converge
Gold weakness persists as the 50-day MA comes into view
Gold Market seeks direction from New York Opening.
Meandering and Aimless - Gold Needs to Get Moving.
...but is it ready to fall?
The trend line is coming into play
Tentative... but positive. Next leg Breakout is forming
Gold/Silver Ratio is Still 100/1
The Power Uptrend Has Fallen but Horizontal Support Has Held
..in the market for Gold.
are we getting ready for the next leg up ?
The old high of $1748.19 has been cleared.
The Triangle Formation Gave the Signal
a new power uptrend to watch...if it can hold.
Gold is raising its head above the parapet... could a rally be starting?
It's been boring but profitable... but we're running out of road
...more of the same today?
We're set up between $1690 and $1720 this morning.
Running out of Road - The Market Will soon Chose its Direction
$1682 is providing the floor for now.
taking some money off the table..
setting out the parameters for today
a symmetrical triangle?... or just indecision
could gold be establishing new parameters?
Gold Breaks out of the Box - to the downside
an end of month selling spree...but the horizontal support is, so far, intact
Gold wants to put in a bottom, but may have to move lower first.
$1740 is just too much for Gold right now.
The Bulls Take Control Even as the Dollar Strengthens
Market Moves Higher..Closing in on $1730.5
Gold is hesitant and choppy.
A look at the Fibs reveals the Bounce Point
Yesterday's up move was short, small and insignificant.
As advised...the close below $1690 indicated the short position
...as we said yesterday, the Bull run is closing down
...are we hitting a short-term top?
We got the downdraft and achieved the target.
Gold looks ready to aim at $1750
After yesterday's 4% range, Gold is building energy for the next run.
as equities go on a tear
Gold is Powering Ahead. A new look.
Gold's meandering could be coming to an end
he's back again.
The Downtrend Line is Gaining Formation
Gold failed to retake $1635 - and hold $1595. Result: Lower Prices
Sellers come out early as quarter draws to a close.
We're hitting our target. Time to take some profit.
The market has calmed down, but remains firm.
The fight to consolidate gains
$1591 taken out decisively as Gold Goes on a Tear
Gold rises sharply on back of "QEternity"
The overnight rally didn't hold. A battle for the close is shaping up.
We didn't get the set up, and gold remains in the downtrend grip.
Gold is Slipping through Support