Wednesday, 29 June 2011

Gold and Silver Walk The Line

Hourly candlestick chart for Gold for the past two months. Following the break lower from the corrective channel, Gold has this week re-tested the lower trend line from beneath.  

Silver this week is continuing to respect the same trend angle that has guided much of its trading for the past two months.

S&P 500 Rallies

The S&P 500 has rallied strongly this week. The trend remains tentatively lower, unless/until there is a New York close over 1300.

AUD/USD Rallies

The AUD/USD made a brief foray lower in to the previous trading range, but has now rallied.