Gold and Silver both put a bottom at the 200 day moving average support. So the question is will this be the bottom for Silver and Gold, or will we see a continuation? There are two scenarios here: either we shall get a reversal pattern (indicating that Gold/silver will go…
Quick outlook for the Gold and Silver Markets and whether they will rally in the short term: Gold Gold is now exactly where it was at the time QE3 was announced in September. It is 5% lower from its recent highs and currently is resting above the psychological $1700 support…
Sorry if the title to this post offends you, but I think it’s funny and drives a VERY important point about what it takes to be successful at trading. Trading is difficult for one reason and one reason ONLY. Because it forces you to make psychologically impossible decisions: Buying when…
Traders Alessio Rastani and Kevin Burton discuss the outlook on Gold for the coming weeks and months (see above video). One of the topics discussed was that Gold is looking very choppy at the moment and not attractive environment for traders. Gold has also tested a critical support level around…
Gold and Silver look like they could be a short sellers wet dream right now. Gold is struggling to get past resistance at the daily 21 Moving Average and the downward trend-line. It is also worth noting the action on the US Dollar index which is looking increasingly bullish right…
Silver faces a wall of resistance at the $35.50, a confluence of key levels: Daily Downward trend-line resistance at the $35.60 level (see above video) Daily 200 Moving average Weekly 50 Moving Average Symmetrical projection of the September-October swing The only thing helping Silver is the daily squeeze that is…
In the following video I explain how we can apply Fibonacci Analysis to identify the next price target for Gold and Silver.
You will notice from the above chart that Gold completed a 5 wave trend – a down trend which started on 8th November and completed on December 29th. For traders who are not familiar with Elliott Waves, this phenomenon is explained briefly by the fact that when markets trend, they…
In my previous update on the metals, I alerted our readers that two very good potential short trades were setting up on Silver and Gold. Those trades came to fruition and have proved to be very profitable so far.
The trade set-ups that I am looking to use are for shorting Gold and Silver, and here is why: