GLD, daily
SLV, daily3, H/S formation
Summary
Baring a few daily closes >GLD 122 and SLV 20, the metals are looking just as weak as they've looked for the past two years.
Near term targets: GLD 110, SLV 17
Mid term: 105/95, SLV 12/10.
Tuesday, 17 December 2013
Still stuck under old broken support
The metals remain very much stuck below the old broken support. The longer that Gold and Silver remain at/below current levels, will greatly increase the probability that the summer lows will be broken in early 2014. Gold and Silver closed with net daily declines of -0.8% and -0.3% respectively.
GLD, daily
SLV, daily3, H/S formation
Summary
Baring a few daily closes >GLD 122 and SLV 20, the metals are looking just as weak as they've looked for the past two years.
Near term targets: GLD 110, SLV 17
Mid term: 105/95, SLV 12/10.
GLD, daily
SLV, daily3, H/S formation
Summary
Baring a few daily closes >GLD 122 and SLV 20, the metals are looking just as weak as they've looked for the past two years.
Near term targets: GLD 110, SLV 17
Mid term: 105/95, SLV 12/10.
