2011-05-04

Charts after the fall


Yesterdays fall in prices or Gold and Silver was provoked from yet another new margin requirements in Comex. This was clearly a manipulation, but the fact is that prices fell, and charts are what they are.

Gold 4h
The gold actually recover first and hit new high at $1,57X. Because my chart is 24h trading, we do see another higher high from 3-4 days ago.
Then gold fell, but not to $1,520 where the support is.
The triangle is still on the chart (brown line).

Silver 1 day
Silver fell to ~42, then recover to ~46, then yesterday fell again to $40.55. Currently rising.
The triangle is still on the chart (brown line).

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