Thursday, March 28, 2013

Gold can't beat 1620

Failed second time. Another leg down is coming looks like. 


Friday, March 15, 2013

Bulls hanging well

So price fall wasn't dramatic. Which shows strength of the bulls. Weekly MACD flattens. Weekly slow stochastics about to point up. It means next week metals will penetrate 1600 hurdle and rise further. 


Wednesday, March 13, 2013

Metals can't recover

Gold and silver slow stochastics so damn oversold. But in reality it can't really recover now. On daily chart bollinger bands are narrowing. Usually it's indication of breakout. This time it's most likely downside breakout AGAIN. Daily slow stochastics also falling. Maybe my predicted 27.50 area?