Check out the candles for direction on gold
Gold continues to remain rangebound on the daily chart, but it is perhaps the weekly chart which is more revealing, and as I mentioned in […]
gold price analysis
Dollar weakness fails to help gold move higher
The daily gold chart for August gold futures, neatly summarizes the curious confluence of market forces which have been thrown seriously out of kilter recently […]
Gold price now at key level on the daily chart
Following a highly emotional trading week, markets have resumed this morning on a positive tone after the extended holiday in both the US and the […]
Silver now building a pennant pattern on the daily chart
Whilst gold has managed to struggle and claw it’s way higher following the sharp sell off in mid April, silver has remained waterlogged on the […]
Silver Remains Bearish
Whilst silver bulls are no doubt relieved to have seen a halt to the recent downwards roller coaster ride for the industrial metal, the last […]
Gold futures on the 5 minute chart – a different perspective!
A very short post just to round off the week, with the June GC gold futures contract on the five minute chart. I normally post […]
Silver price prediction based on hope!
Silver futures continued to trade in a narrow range once again today, desperately trying to find some traction in the $22 per ounce level, following […]
Recovery in gold price looking weak
With the price of gold having staged a modest recovery last week, the question everyone is asking is whether this is simply a reaction to […]
Gold and silver in the eye of the storm
” Does the Flap of a Butterfly’s Wings in Brazil Set Off a Tornado in Texas” comes from Chaos Theory to describe how tiny variations […]
Analysis and forecast for silver prices
I thought it was time to take a detailed look at the silver market once again today, as it’s a while since my last post […]
Gold now testing key support levels again at $1555 per ounce
The sorry state of affairs for gold bugs continued once again yesterday, with the June gold futures contract ending the electronic session with a wide […]
Perfect hammer candle and volume signalled Friday’s positive day for gold!
June gold futures staged a modest recovery on Friday, ending the day with a wide spread up candle and closing the week at $1575.90 per […]
Alarm bells ringing for gold bugs!
With commodities in general taking a hammering in the markets at the moment, neither silver or gold have escaped. In the last two days, the […]
The mad world of the US dollar
For those of you reading this, and old enough to remember, there was a comedy film many years ago with Spencer Tracy in the lead. […]
Silver bulls need bulls of steel now
Well, we had to wait a long time for it to arrive, but the breakout in silver is finally here, and for those of you […]
Gold bugs hoping for some Spring sunshine
Gold continued to trade in a narrow range once again yesterday, with the April gold futures contract closing marginally lower and ending the gold trading […]
Volume price analysis holds the key for silver
As the old saying goes, another day and another dollar. Well not quite, and for silver traders it’s getting to the stage where a dollar […]
Gold now building rising triangle pattern on the daily chart
Gold continued to ease higher once again yesterday, with May gold futures on Globex closing at $1613.80 per ounce, up just over $8 per ounce […]