Thứ Sáu, 28 tháng 6, 2013

GOLD Chart analysis - SILVER Inverted Head and Shoulders

  • Long term trend of Gold getting tested as price falls into the Monthly cloud.
  • Price is also nearing Golden ratio in Monthly chart for the rise from 680 to 1920. Golden ratio is at 1153  levels.
  • Hour chart continues to trend down below the cloud. For a possible pullback price must trade above the hourly cloud. 

SILVER Inverted Head and Shoulders

  • Silver 4 hour chart shows an inverted head and shoulders pattern.
  • Silver one hour chart shows price above 100 Hour SMA and Hourly cloud.
  • Strength on price sustaining above 100 Hour SMA. Bullish pattern will be invalid or weaken on price falling below these levels.

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