News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
Silver Rips 3% Higher on the Day as Precious Metals Move up Strongly
Silver Rips 3% Higher on the Day as Precious Metals Move up Strongly
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GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
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US Bans American Banks from Purchasing Russian Sovereign Debt
US Bans American Banks from Purchasing Russian Sovereign Debt
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*** GOLD MARKET WIRE ***
*** GOLD MARKET WIRE ***
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Gold Market Wire

News, analysis and commentary for gold traders and investors

The Technical Take

Gold Moving Up Strongly. $1670 awaits.

Gold has finally moved through the horitzontal resistence at $1646, after knocking on the door for a few days.

Here's a look at the channel:

$1669.50 marks the top of the channel

Friday's big fall is starting to look like a technical fake out to get the market to 'disgorge' length. But the bottom of the channel held, and has turned out to be the real technical buying point.

Gold has regained its footing, and now awaits the challenge at the top of the channel.

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