Jesse’s Café Américain: Gold Daily and Silver Weekly Charts

I am watching this as well. A double bottom is very possible and will project a similar result as an inverse H&S.

Jesse’s Café Américain

“Those who can make you believe absurdities, can make you commit atrocities.” Voltaire

09 May 2012

Gold Daily and Silver Weekly Charts

The miners showed a positive divergence today.

If gold is going to set up an inverse H&S bottom it must hold support at 1570 although 1580 is preferable. Otherwise we will be looking for a double bottom.

Intraday commentary here.

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silverweekly3.PNG

Jesse at 4:15 PM
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