Category Archives: GLD

Gold and Silver – 20 Jul

The spot gold chart looks like it might have put in a higher low when it closed well off the lows of the day. If we have some follow through tomorrow, the uptrend will remain intact. Price never did take … Continue reading

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Gold and Silver- 19 Jul

Gold was knocked down with news that Obama says everything is fixed and the crisis is over. Sure. Well that’s how it works now, risk on risk off cycles are compressing from hours to minutes. Silly. The gold chart is … Continue reading

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Gold and Silver – 13 Jul

Gold continues to set new all time highs. Resistance at 1578 has fallen and now turns into support. Price closed above the Bollinger band, which is the only resistance left overhead. Strong support lies below there at 1555. RSI is … Continue reading

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This is What a Breakout Looks Like

Every once in awhile a textbook chart pattern materializes on a chart. Technical Analysis is not a perfect science and sometimes patterns fail as predictors for price movement. On the balance what can be said is that chart patterns work … Continue reading

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Gold – 6 Jul

Gold rallied hard for the 2nd day in a row and closed above the critical 18 day moving average. Resistance is 1549 and support is the 1515 area where we have both the 18 and 45 day moving averages converging … Continue reading

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Gold – 30 Jun

Gold confirmed the short term downtrend by locking in a lower high to go along with the most recent lower swing low. 1496 is short term support and looks to be broken when considering gold is down $10 in the … Continue reading

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Gold – 29 Jun

  Gold moved back into the Bollinger band and has confirmed the most recent swing low at 1496. Resistance is now at 1515 and higher at approaching 1550. Support is still the 1486 level with stronger support at 1474. Stochastic … Continue reading

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