Gold mining stocks pulled back yesterday after they pierced an important resistance level. Gold is doing a similar dance today. This could be constructive.
Due to a couple of silly mistakes I made this morning (don’t ask) the Precious Metals Report will not be updated today. I belatedly got through most of the report when my computer shut down automatically and wiped out all the data and the 90% written report. There were no substantive changes as gold rallied through the…
Gold has punched through the upper bound of the triangle pattern this morning after pulling back yesterday. It still must clear multiple resistance lines to signal a major turn. Here are the benchmarks and indicators to watch.
Gold has pulled back from the upper bound of the triangle pattern this morning after failing to break multiple resistance lines that it must clear to indicate a major upturn.
Gold is keeping its hand a closely guarded secret as it rests at a critical resistance area on the chart. The action around this level holds a tell on whether or not gold has started a bull market.
Gold is holding its gain from Friday, which is a positive sign, but it still needs to break out of the triangle pattern. Here are the key parameters that would confirm a major turn.
Gold’s rally has carried it back through a thin trading range, still below multiple resistance lines. Here are the benchmarks and indicators to watch as keys to a breakout.
Gold has rallied sharply this morning on the jobs data, but it is still rangebound and cycle patterns haven’t changed much. 15 month cycle momentum has edged back to the buy side as we look for confirmation of a low in that cycle.
Gold’s 15 month cycle momentum has turned inconclusive as we look for confirmation of a low in that cycle. How it behaves as it tests a critical pattern should signal the direction of the trend.
Gold has set a preliminary downside 13 week cycle target as it hovers within a narrowing area between support and resistance.