Gold must hold above this key short term trendline to avoid another trip to the lows, and work on breaking through major trend resistance.
Gold has shown signs of perking up. Miners are in a bear market, but a couple of them have good setups, with acceptable risk/reward profiles.
Gold continues to hover at a key level that it must hold to prevent resumption of the decline.
Gold stopped falling yesterday and some of the miners held at trend support or just above. That support is downtrending though. Hope that the worst is over isn’t a trading strategy that ends up with consistent gains, and constant nibbling at bottoms can result in deep drawdowns before a payday. There are certain benchmark price…
The pullback in gold has turned from constructive to malevolent, with the metal and the miners both now targeting lower levels. Here are where to look for support and the next targets if it doesn’t hold.
Gold has been shaky over the past few days after a nice rally. Here are the levels that need to hold to keep a constructive outlook on the current pullback.
I will be traveling early on Tuesday and will be unable to post the Precious Metals report. It will return on Wednesday.
Stocks are the pet rock that nobody wants. Everybody loves a Golden Retriever. This one is taking a breather that should be constructive as long as it stays within the fenced area. Here’s where that is.
All projections up to 13 weeks have been hit, but it’s early in the 13 week cycle up phase. The shorter cycles may result in a consolidation through down phases for a week or so, and then try again, when the 13 week cycle could project higher. Here’s what needs to happen, and what could…
Gold has edged above resistance at 1130 but the break is not material and won’t be final until Friday. If this holds, the next target would be trend resistance around 1160-65. Here’s what needs to happen to signal the end of the bear market.