Sunday, 31 January 2016

Gold & Silver down trends grind on, both lower from trend line resistance

Weekly charts of Gold and Silver show prolonged down trend channels. Both markets turned lower at daily chart trend line resistance this past week. A sign that fresh lows lie ahead for both?

Gold weekly

Gold daily

Silver weekly

Silver daily

EUR/USD daily chart nearing apex of triangle

AUD/USD daily chart testing trend line resistance

NZD/USD daily chart consolidating above corrective trend channel support