Gold and Silver charts: bulls showing courage and determination


how to do bitcoin trading

Gold chart pattern

The following remarks were made in the previous post on the daily bar chart pattern of Gold: Some near-term upside is likely. Gold’s price needs to move convincingly above its 200 day EMA and the 1280 level for bulls to regain control of the chart.”

Bulls have showed real courage and determination. Gold’s price first crossed above the ‘support/resistance zone’ between 1230 & 1240 with decent volume support, and then moved above its 200 day EMA.

Volumes petered off and gold’s price slipped below its 200 day EMA, but bounced up after receiving support from its rising 20 day EMA. Gold’s price has closed above its three EMAs in bull territory after 8 months, but bears have not yet relinquished control.

Daily technical indicators are in bullish zones, but not showing any upward momentum. MACD is moving sideways above its rising signal line. RSI is above its 50% level. Slow stochastic has fallen down from its overbought zone.

Expect gold’s price to consolidate around current level for some time before it makes an attempt to cross above the next ‘support/resistance zone’ between 1260 & 1270.

On longer term weekly chart (not shown), gold’s price moved above its 20 week EMA, but faced resistance from its 50 week EMA and closed below its 200 week EMA in long-term bear territoryWeekly technical indicators are looking bullish. MACD is rising above its signal line in bearish zone. RSI has crossed above its 50% level. Slow stochastic is inside its overbought zone, and can trigger a near-term consolidation/correction.

Silver chart pattern


The following remarks were made in the previous post on the daily bar chart pattern of SilverSome more near-term upside is likely. Expect strong resistance from the zone between 15.0 and 15.25.”

Silver’s price rallied to touch an intra-day high of 14.90 on Thu. Dec 13, but sliding volumes ensured failure to test resistance from the ‘support/resistance zone’. Bears used the opportunity to sell. Silver’s price dropped to seek support from its entangled 20 day and 50 day EMAs.

Daily technical indicators are in bullish zones but are not showing much upward momentum. MACD is above its rising signal line. RSI is above its 50% level. Slow stochastic is sliding down inside its overbought zone.

Expect silver’s price to consolidate around current level for some time before bulls can make a realistic attempt to cross above the ‘support/resistance zone’ and the 200 day EMA. 

On longer term weekly chart (not shown), silver’s price faced resistance from its 20 week EMA and closed below its 50 week and 200 week EMAs in a long-term bear marketWeekly MACD and RSI are in their respective bearish zones, but showing upward momentum. Slow stochastic is rising towards its overbought zone.

news forex trading

forex no deposit bonus

Leave a Reply

Your Name (required)

Your Email (required)


Your Message

BonusMin. DepositMax. ReturnsRating
ayrex$10,000$20090%Rating Ayrex Options Review
$10,000$581%broker Rating Freestyle Review
Finmax$10,000$20090% FiNMAX Review
StockPair$20,000$585%broker Rating Falcon Finance Review
24optionUnlimited$25089%Top Binary Options Brokers Rating 24option Review

To invest with binary options you will work with an investment broker who is licensed to work in this field. Working with your broker, you will identify which asset you want to buy an option on, how much you want to invest and when the option will expire. Once the option is placed, you simply watch the trading activity on that asset to see if your prediction was accurate or not.

Binary options are one of the most popular trading choices for investors today, due in large part to their simplicity and the fact that you always know all the risks and payoffs ahead of time.

  • regulated: we promote only regulated brokers whose business models and marketing practices are checked by relevant government authorities.
  • special features: here we list all the important features that a broker offers. These are usually listed as perks offered trough various account types which bring different levels of service, depending on the minimum funds deposited
  • bonuses: almost every Top Binary Options Brokers offers these rewards that increase trading potential. Fair Binary Options also lists terms and conditions that come with the bonus money so traders always know how will these affect their trading efficiency.
  • the best binary trading platforms reviewed: we review the software that makes trading possible. There are several big providers, such as SpotOption, TechFinancials, Tradologic, MarketsPuls… Every software has some special characteristics, and not every software is suited for every trader
  • assets: Fair Binary Options review provides basic info on the amount of assets available for trading
  • customer support: we chat with the customer support to test how the broker has set up the help desk that should support traders. This is the best way to assess the service.
  • payments: we list all the payment options available by the Top Binary Options Brokers, list minimum deposit requirement
  • withdrawals: we warn traders if withdrawal requirements are too high, or if it takes a long time to get the money back.
    • Keras - self-learning NEURAL networks for
      Stock market forecasting
      Get it FREE








      *number of participants is limited

      Customer Testimonials

      Fellas what broker is legit in States ? binary options binary options broker USA?
      FrankyP