-
Gold and Silver – Breaking Above Week-long Consolidation Range
Gold was basically in a range-bound consolidation this week – Not a double top as price held above 1750. As we enter the last trading session this week, it is breaking into new highs for the week, putting the focus on the 1790.20 2012-high. Bullish momentum is maintained, as the 4H RSI held above 40 and is breaking back above 60. If there is a throwback, which is possible with the 1H chart showing some overbought condition, as the RSI goes above 70. However, we should first monitor the 1775-1780 previous resistance area as a possible area of support. I think as long as the market holds above 1765, which is like a ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Sep 21, 2012 11:25am Sep 21, 2012 11:25am
- abducted
- | Joined Jul 2008 | Status: Member | 18 Comments
- Comment #2
- Quote
- Sep 21, 2012 11:25am Sep 21, 2012 11:25am
- jaygee
- | Membership Revoked | Joined Jul 2010 | 2713 Comments
- Comment #3
- Quote
- Sep 21, 2012 11:35am Sep 21, 2012 11:35am
- fxtimes
- | Commercial Member | Joined Nov 2009 | 402 Comments
- Comment #4
- Quote
- Sep 21, 2012 11:37am Sep 21, 2012 11:37am
- jaygee
- | Membership Revoked | Joined Jul 2010 | 2713 Comments
- Comment #5
- Quote
- Sep 21, 2012 11:39am Sep 21, 2012 11:39am
- Dr.Zain
- Joined Sep 2008 | Status: Member | 1472 Comments
- Comment #6
- Quote
- Sep 21, 2012 11:39am Sep 21, 2012 11:39am
- abducted
- | Joined Jul 2008 | Status: Member | 18 Comments
- Comment #7
- Quote
- Sep 21, 2012 12:03pm Sep 21, 2012 12:03pm
- Loadedgun
- | Membership Revoked | Joined Sep 2010 | 3678 Comments
- Comment #8
- Quote
- Sep 21, 2012 12:07pm Sep 21, 2012 12:07pm
- Dr.Zain
- Joined Sep 2008 | Status: Member | 1472 Comments
- Comment #9
- Quote
- Sep 21, 2012 12:11pm Sep 21, 2012 12:11pm
- Dr.Zain
- Joined Sep 2008 | Status: Member | 1472 Comments
- Comment #10
- Quote
- Sep 21, 2012 12:18pm Sep 21, 2012 12:18pm
- Loadedgun
- | Membership Revoked | Joined Sep 2010 | 3678 Comments
- Comment #11
- Quote
- Sep 21, 2012 12:35pm Sep 21, 2012 12:35pm
- Loadedgun
- | Membership Revoked | Joined Sep 2010 | 3678 Comments
- Comment #12
- Quote
- Sep 21, 2012 12:40pm Sep 21, 2012 12:40pm
- Gold-god
- | Joined Aug 2012 | Status: Member | 307 Comments
- Comment #13
- Quote
- Sep 21, 2012 12:57pm Sep 21, 2012 12:57pm
- Guest
- | IP XX.XXX.204.233
- Comment #14
- Quote
- Sep 21, 2012 1:42pm Sep 21, 2012 1:42pm
- Dr.Zain
- Joined Sep 2008 | Status: Member | 1472 Comments
- Comment #15
- Quote
- Sep 21, 2012 2:19pm Sep 21, 2012 2:19pm
- naqvislm
- | Joined Sep 2012 | Status: Member | 56 Comments
- Comment #16
- Quote
- Sep 22, 2012 8:14am Sep 22, 2012 8:14am
- Guest
- | IP XX.XXX.69.78
- Comment #17
- Quote
- Sep 23, 2012 4:17am Sep 23, 2012 4:17am
- Guest
- | IP XXX.XXX.2.106
- Comment #18
- Quote
- Sep 23, 2012 8:30am Sep 23, 2012 8:30am
- Black Caviar
- | Joined Sep 2012 | Status: Member | 255 Comments
- Comment #19
- Quote
- Sep 23, 2012 10:29am Sep 23, 2012 10:29am
- frx_trader
- | Joined Jun 2012 | Status: Analyst | 3129 Comments
- Comment #20
- Quote
- Sep 23, 2012 11:05am Sep 23, 2012 11:05am
- Black Caviar
- | Joined Sep 2012 | Status: Member | 255 Comments
- Comment #21
- Quote
- Sep 23, 2012 12:58pm Sep 23, 2012 12:58pm
- frx_trader
- | Joined Jun 2012 | Status: Analyst | 3129 Comments
- Comment #22
- Quote
- Sep 23, 2012 6:32pm Sep 23, 2012 6:32pm
- hss
- | Joined Apr 2012 | Status: Member | 206 Comments
- Comment #23
- Quote
- Sep 23, 2012 7:44pm Sep 23, 2012 7:44pm
- Loadedgun
- | Membership Revoked | Joined Sep 2010 | 3678 Comments
- Comment #24
- Quote
- Sep 24, 2012 1:38am Sep 24, 2012 1:38am
- Gold-god
- | Joined Aug 2012 | Status: Member | 307 Comments