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The Technical Take
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
...as we close the spec for small loss
failure to follow through is raising concerns for a sharp move down
...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.
...yesterday's warning was warrented
a new downtrend defined...a new challenge for Gold
...after a strong Friday rally
horizontal resistance has been firmly cleared
... rally reverses...and starts to recover
yesterday's action was good news for the Bulls
...but has challenges directly ahead
...a news spike moves Gold to $1917 before retracing
...as the quarter begins
...a bit of upside, before the close of the quarter
as we close in on the Monthly and Quarterly close
...but can we rally?
...while equities stabilize
as the carnage starts to abate
..Silver down over 8% on the day
...a weak Friday is no place to establish length.
...yesterday's move above the downtrend didn't hold on the close.
...is it getting ready to make a move?
the first horizontal has been cleared, the downtrend is the next hurdle.
A Tight Horizontal Band Has Us Boxed In
is it signaling another move higher?
...a last line of defense before we head lower?
..as the metals' sell-off picks up steam, last week's equity recovery is set to be shattered.
The trend line is broken and the MA is looming
...the line defining the move
a look at the technical charts
...as the market retraces some of its recent gains
yesterday's scalp worked well... now we re-assess.
Checking the "Fibs" as the cuts continue.
...will the buyers step in?
Silver rally stalls out...
and fails to clear the downtrend line
...the market needs to get a move on
... ready to breakdown or take-off?
... a look at the convergence.
...as we take a step back
...a step back to the big picture.
...our late downtrend worked well this a.m.
Textbook Stuff from the Yellow Metal
...as the week begins
...a look at the chart before the New York opening
...on this interesting day.
a look the short-term parameters.
COT does its thing...Again
The long awaited pullback begins
a look at the retracement numbers
...right at the gap.
...while Silver keeps charging
a Technical Take...
a look at the long term chart
is silver making another leg higher?
but are we getting ready to test support?
...can the US Dollar rally prior to the Presidential election?
as the market pauses