Gold continued to slither down its lower channel support as it headed for short term and intermediate term cycle projections. There were hopeful signs in the precious metals stocks.
The price of gold remains soft as it tests a key trend support line. Gold stocks are in a similar state, with key benchmarks that need to be broken to signal reversal.
Precious Metals stock screens have reached the area of maximum downside momentum.
Gold has attempted to stabilize over the past few days, but technical indicators aren’t showing anything different.
Gold has reached the latest 13 week cycle projection range, but the technical picture for precious metals stocks has problems.
A new projection has appeared for the 9-12 month cycle and the 13 week cycle projection dropped again.
Gold has shown little life this morning after yesterday’s drubbing. Is there support here or not?
Gold smashed a minor support level this morning. This report shows how that affects the intermediate and longer term outlook.
Gold has held at support but remains in the middle of its downtrend channel. Here’s what it needs to do to break out and for precious metals stocks to sustain a rally, along with two picks that look well positioned to participate if there is one.
Gold is showing some bounce this morning. Here’s what that means in the big picture, along with a couple of precious metals stock picks that could lead the way in an upturn.