Archive for the ‘Doug on Gold’ Category

Silver

Silver, a poor performer for a long time. Breaks support at 16.

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Gold

Gold fails to hold support at 1300.

Gold

Gold

Trading range continues on Gold.  Resistance 1360 | Support 1300.  Would not add or initiate a new position until a close above 1360.

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Gold

Gold continues to remain range bound between 1300 and 1360.  Below is a Daily and Weekly Chart. No need to add or initiate a new position until a close above 1360 – which is a multiple top at this time.

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Gold

Gold was not able to close above 1360 yesterday.  Possibly it was running stops on the shorts intra-day.

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Gold

Nice if Gold can close over 1360 today.

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Gold

Gold

Gold

Gold got the pop above 1340.  As stated earlier in the week – want to see last week’s lows hold on a closing basis.

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Earlier in the week.

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Gold

Possibly a run at resistance = 1340.  Not bad here – better w/ a close above 1340.  Want to see last week’s lows hold on a closing basis.

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Silver

SILVER

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