CLICK ON CHART TO ENLARGE Silver kissed the underside of two key monthly resistance lines at (1), while at the top of its falling trend channel. At this time heavy resistance remains in play. At this time, Premium members are attempting to score on defense with falling channel resistance as the stop loss line in the sand.
The Power of the Pattern reflected on 2/29….That Gold ETF (GLD) was facing multi-year resistance, at the top of a short-term trading channel (see post here) CLICK ON CHART TO ENLARGE Below is an update on GLD and Silver ETF (SLV), reflecting that “soft patterns” remain in place- CLICK ON CHART TO ENLARGE GLD & [...]
On 2/29 the Power of the Pattern reflected that Gold was facing two key resistance lines at (3) in the chart below. (see post here) This was a huge test for Gold because it was “kissing the underside of a multi-year support line, which has now become a resistance line!” CLICK ON CHART TO ENLARGE [...]
CLICK ON CHART TO ENLARGE Silver ETF (SLV) attempted to climb above its falling channel drawn off the highs it hit a April at $50. SLV looks to have created a very large bearish wick this week at (1). In the past a large upside failure like this at falling channel resistance is a negative [...]
The “Power of the Pattern” reflected that the U.S. Dollar had created a very bearish weekly pattern (Engulfing Bearish Pattern) in the chart below, first posted on 1/23 (see post here) In the past this pattern saw the U.S. Dollar fall a rather large percentage! CLICK ON CHART TO ENLARGE The “Weekly Engulfing Bearish” pattern [...]
Developed and maintained by Skylight Sites
Recent Comments