-
Gold and Silver Shine Again, but For How Long?
Gold and silver prices shot up at the end of last week after some initial bearish continuation signals. These metals are likely in a medium-term consolidation. We might expect some more consolidation/correction this week, but we should anticipate sellers on the rallies. After a low on the year at 1130, gold rebounded. After the first swing, price held below 1180, respecting a previous support. Then after a triangle pattern, price started to signal bearish continuation but was quickly reversed but a strong rally that pushed past 1180 and cracked the 1190 handle. Price also broke above a falling speedline from ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Nov 16, 2014 9:42pm Nov 16, 2014 9:42pm
- Guest
- | IP XX.XXX.12.66
- Comment #2
- Quote
- Nov 16, 2014 10:15pm Nov 16, 2014 10:15pm
- Agungla
- | Joined Nov 2013 | Status: Member | 87 Comments
- Comment #3
- Quote
- Nov 17, 2014 1:21am Nov 17, 2014 1:21am
- Guest
- | IP XX.XXX.236.82
- Comment #4
- Quote
- Nov 17, 2014 4:09am Nov 17, 2014 4:09am
- alphafunds
- | Joined Jul 2014 | Status: Member | 196 Comments
- Comment #5
- Quote
- Nov 17, 2014 4:20am Nov 17, 2014 4:20am
- openyoureyes
- Joined Nov 2012 | Status: trend > bias | 113 Comments
- Comment #6
- Quote
- Nov 17, 2014 6:03pm Nov 17, 2014 6:03pm
- Guest
- | IP XX.XXX.147.148