GLD ,weekly
SLV, weekly
Summary
Little to add.
Price structure is likely the early phase of yet another bear flag... with a snap lower due within the next few weeks.
Friday 7 August 2015
A second week of chop
Gold and Silver saw a second week of minor price chop, with net weekly changes of -0.3% and +0.3% respectively. Near/mid term outlook remains broadly bearish into the early autumn. Gold still looks set to decline to the giant psy' level of $1000, along with Silver 12/10.
GLD ,weekly
SLV, weekly
Summary
Little to add.
Price structure is likely the early phase of yet another bear flag... with a snap lower due within the next few weeks.
GLD ,weekly
SLV, weekly
Summary
Little to add.
Price structure is likely the early phase of yet another bear flag... with a snap lower due within the next few weeks.
