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  #471  
Old 01-12-2014, 06:11 PM
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pika pika is offline
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Strongest momentum bar UP yet again... If we close a bull today and gold is back up above 1180, it will be the strongest daily bar UP. Platinum and Palladium never broke down. May be good to be contrarian instead.
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  #472  
Old 07-12-2014, 03:46 AM
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Default Gold weekly update

Possible bottom here due to the crazy price movement on swiss gold referendum on Monday..

Initial market reaction was huge sell off but somehow, the buyers were so much stronger at 1142.00 area where they move price up higher..

The sell off from the friday's stronger than expected NFP data was pretty weak as well..

current sentiment of the market is to the upside..

WEEKLY CHART


DAILY CHART
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  #473  
Old 07-12-2014, 03:53 AM
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Default Silver weekly update

Silver was affected more than gold on the swiss gold referendum which push price beyond the 14.65 strong support area that I've pointed out..

Fortunately, that was just an overshoot by the bears and the 14.65 support area did actually rejected price significantly and form a strong bullish hammer on the weekly!!

The bottomming picture looks better here compared to the one in gold..

WEEKLY CHART


DAILY CHART


stack more while prices are still low.. haha..
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  #474  
Old 15-12-2014, 02:59 PM
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Default Gold weekly update

Bulls managed to close price above 1200.00 again for the week..

Still moving in the same direction as last week..

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  #475  
Old 15-12-2014, 03:01 PM
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Default Silver weekly update

Pretty much the same as last week except we got a strong break above the downtrend line!!

WEEKLY


DAILY
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  #476  
Old 17-12-2014, 01:56 AM
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Ran out of bulls at resistance..

GOLD daily chart


SILVER daily chart


Watch the weekly hammer lows closely on both GOLD and SILVER if the bears manage to take price there!!!

Expect some crazy action tmr too from the FOMC statement and Yellen's press conference..

FED might appear more hawkish than expected due to the low 10 year treasury yield at 2.075% as of now..
Which means dollar would strengthen and GOLD and SILVER to fall..
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  #477  
Old 02-01-2015, 12:21 AM
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One more aggressive sell down by the cartel on the last day of 2014 to close the year for GOLD and SILVER on the bearish side.. that makes a 3 consecutive down years for the precious metals.

Gold Daily chart


Silver


Let's hope we end up green at the end of 2015..
And HAPPY 2015 people!!!
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  #478  
Old 12-01-2015, 03:10 PM
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Default weekly update

Not much bearish follow through after last post and we have price moving back up again..

GOLD daily chart


SILVER daiy chart
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  #479  
Old 26-01-2015, 05:11 PM
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pika pika is offline
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Default Gold 1240-50 can be a good entry/re-entry point

The usual reasons:
- Near 61.8% fibo.
- Strong S/R zone.
- Near base of uptrend channel.

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  #480  
Old 06-02-2015, 09:39 PM
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About time...
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