Silver

Free fall

I think 1660 can't hold like 30.50 can't hold. Because daily stochastics still not oversold for gold and weekly stochastics very long way to go to oversold area. I'll surprised if 1630 holds. Also weekly MACD just pointing down. I can't tell exact bottom area. Only thing we can do is wait for weekly indicators get in oversold area. Then it will stay there for few days. Finally it will point up. That's the BUY area. 

I have a bad feeling

We must be careful about this monthly chart. We already had big movement from 1523-1798. Nearly 300 dollar movement. The thing is monthly stochastic is already in overbought area. Monthly MACD is losing it's steam. We know they printing loads of money. It should be positive for gold price. But they're still controlling  the paper market. So they can slam the paper price with those newly printed fiat. This is my suspicion. Month December might be down. So be careful if you're trading paper gold or silver. 

The correction

If there's a correction price will fall to 1735 then surge again. 

Monthly gold

On monthly gold chart bollinger bands are narrowing. Which is indication of big breakout. This time it's UP.

50%

Ok last retracement was 50% from 1547 - 1798 price range.

Breakout

Long awaited breakout is happening. Weekly stochastics point up and ready to move higher. 

Stochastics pointing up for gold

Bullish

Expected 1710 would be good support and it is. Daily charts are positive again. We will take 1800 this time. 

Weekly stochastics overbought. But look at weekly MACD. It's crossed and pointing up. One tiny little column is above 0 percent. Bull trend is just starting. 

Now monthly chart. Monthly stochastics is pointing up. My prediction is 2100-2300 gold 3-4 months later.

Gold breakout?

Weekly stochastics nearly crossing upside breakout is coming.

Starting of bear market?

Monthly MACD crossed for the first time since 2009. Looks like sell market to me.