Gold 1 week

Hello :)

I did not publish for a while (long while), but I think I will pay more attention to the trading from now one.

Let see whats going on with Gold. Since I did not observed it for a while, I am not sure how accurate is the chart I am attaching.

Lets begin:

There is long time support in pink. However it is so long, that I can not see where it "begins" on the montly chart. According this support, Gold is "due" for a rice.

Then we have a broken trinange - pink and blue line. The triangle is broken on the "correct" side, but nothing interesting going on there.

Parallel to the upper boundary of the triangle, there is a resistance. Currently it is @ 1700 level.

Last, but not least, there is a channel formed from brown lines between ~1520 and 1700 level. Support there were tested twice.

This is the situating for the moment.

Silver 1 week and 1 day chart

Silver Weekly

Silver Daily

Biiwii: Get ready to laugh

Biiwii: Get ready to laugh
really very funny video about Gold

Gold and Silver weekly

Gold weekly

Silver weekly

Silver 4h

Silver 4h

Silver 1day

Silver 1 day

Gold in retrospectuon

Gold 1 Week

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Gold 1 Day

Silver daily

Silver daily with some trends. I expect silver to hit 44+ next week.

Gold 4h chart

Gold confirmed the silver move. Chart is bit different, but probably gold is due to correction as well.

Silver 8h

8h silver chart just after market open. Move is NOT confirmed in gold (yet) and a correction is due.

Gold and Silver charts

Gold 1 week

Gold 1 day

Silver 1 day

Gold (almost) hit $1,800

These days I really not understand what is going on.

Yesterday I told to a friend that when I see gold price, I need 10 sec to realize if gold go up or down, sometimes I need to check the chart.

Well gold almost hit 1,800 USD.
Dow is 10,719.94.

This makes Dow/Gold ratio = 5.95.

This is new low, since March was 6.90.

However, I believe the calculation is bit wrong, because NYSE stock market is closed now,
and gold hit 1,800 after market hours.

Silver 4h

Rise in silver is overdue. Probably we will see correction very soon.

Gold 1 day chart

Interesting development, we may get spike similar to what we had in April, then correction to $1,530-50-70 area.

Gold and Silver Charts

Gold 1 day

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Gold 4h

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Silver 1 day

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Silver 4h

Silver 4h

Long time did not posted anything, but this is because I have urgent web project I am working on.
Probably we saw bottom in silver, since the downtrend was broken.
Now silver must go down a bit, probably to blue or brown line.

Silver charts

Silver 1 week

Bottom blue line is definitely a support

Silver 4h

mixed picture.

The Goldbug

The Goldbug
(3D rendering designed by me :)

Goldbug again

Goldbug, made by me

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).