Gold Silver

[fxstrategist]

Gold

Gold keeps bouncing from the 1200.00 level, if it continues going higher, the 55 day EMA around the 1239 level may act as resistance.

 

[fxstrategist]

Gold

Gold stays below the 1300 level, the 200 week EMA may act as support. The high at the 1315 level may act as resistence.

 

[fxstrategist]

Gold

Gold makes a high at the 1358 level and bounce back down. The 1315 may act as a support.

 

[fxstrategist]

Gold

Gold rallies again close to the 1358 level, but it needs another fundamental push to break that level. The 1315 may act again as support.

 

[Markemarc]

I havent traded gold n silver seriously since taking profit at 1370 and 21 respectively. Had been focused on the bullish indices. ANyway with the ECB rate decision and policy statement out today i figured it would remain at a dismal 0% plus have the same future predictions of long term policy easing i thought id spend some time on gold n silver. Most traders i spoke to believed both had further to drop which still could be the go but they are now well past 61..5 on the Fib. Retract.

Anyway caught both right at the pivot literally and opened several buys as they climbed. Not bad for a few hours work. There is nothing more satisfying than charting and making it work with maximum profit.

ive attached my charts.. It seems gold is slightly bearish now why silver is all bull..