2010-10-30

Gold, Silver, EURo

Gold 1 week
Situation here is unchanged, but chart worth to be watch.

Gold 12h
Price raised to the upper boundary of the channel in brown. Now probably price will fell once again to ~1330 or so.

Gold 4h
Same, but I added possible downtrend channel - in pink.

Silver 8h
Looks like in silver, situation is more dynamic. We can see same channel as in gold, but channel is broken at the top.

EUR/USD 4h
EUR lagging, it is not at the top of the channel, even more - the downtrend is very well seen (brown). We also could see the uptrend channel inside the downtrend channel (pink). This could be very well a triangle.

Conclusion:
Once again we need to monitor all the charts.

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