Gold is going the way of Mr. Hanky the Christmas Poo this morning. Precious metals stocks are also in an outright crash. This report covers the revised short term through long term price targets for the metal and the precious metals stock sector.
Gold broke down from the small head and shoulders pattern and hit the 4 week cycle projection, but support and a measured move target remain below this morning’s low. This report covers the benchmarks to look out for before a turn is likely.
The violation of a key technical level this morning has resulted in new price projections for gold. Meanwhile gold stock indicators have set up parameters that would indicate an intermediate bottom.
Gold is threatening to break short term support now at 1228 this morning. This report covers the implications if it does, and what needs to happen to signal a move the other way.
Gold is holding above a key short term trendline this morning that holds the key to the metal’s short term and perhaps intermediate direction. Here are the benchmarks to watch, and what to expect if they’re broken.
Gold has set new short term trading range parameters that would need to be broken to indicate the direction of the next trend.
Gold broke the short term uptrend yesterday and has followed through with more weakness this morning.
A lot is riding on gold’s price action today. It was at a convergence of key lines of support and resistance. The mini smash this morning just broke a short term uptrend line. Recovery is still possible by the end of today, but if it does not happen, the effect on the short term trend…
Gold is on the verge of signaling an upturn in the 9-12 month cycle. Here’s what needs to happen, and what it needs to do to avoid falling back into they abyss. Meanwhile, the 3 PM stocks that were selected as potential sector leaders in the past two weeks continue to hold gains.
Gold stocks fell sharply Friday, while the metal itself has remained in a short term uptrend through this morning. Here’s what to look for.