Monday, 21 November 2011

AUD/USD launches over cliff edge

The trend line break to back inside the trend channel indicates a target of the lower trend channel line, below 90c.

Gold plunges following throw over

Gold has plunged following the throw over / false break shown here the week before last. A break below the lower trend line would confirm a completed upward correction from the September low, and indicate a likely move to below that low.

Silver plunges following trend line break

Silver has plunged following the trend line break shown here last week.