Sunday, 25 October 2015

Gold testing big weekly chart trend line resistance

Weekly chart shows Gold testing trend line resistance. Keep an eye on Silver (today's post here), as healthy moves in these markets generally trend together, and Silver is also testing a big weekly chart trend line.

Daily chart shows Gold turned lower at trend channel resistance. The trend channel could be a bear flag.

4 hour chart zooms in on the daily chart channel and shows also a shorter term channel. I'd be tempted to play a break, in either direction.