Gold CME Made Falling “Wedge Pattern” Hurdel 1297—1300 Above Market Can Test 1306, Where Can Take “R” Turn or Beear Phase, support Looks 1282 Cross or Close Below Daily Chart Big Bloodbath Coming Soon $1270——$1250——$1224
Gold Forecast
Silver Price Forecast January 5, 2018, Technical Analysis
Gold Silver Reports – ✅ Silver markets initially fell during the trading session on Thursday, but found plenty of support at the $17 level. Because of this, the market bounced back towards the top of the overall consolidate a very that we have been in for the last couple of days, setting up for an interesting Nonfarm Payroll Friday.
Gold Testing Critical Breakout Level
Gold Silver Reports — Gold Testing Critical Breakout Level — Below looks at the gold/US dollar ratio over the past 8-years. The ratio is testing a level that has been critical to gold bulls for the past few years and we suspect it will be critical for it again at this level.
Gold Sentiment Now Excessively Bullish; Correction Ahead
Gold Silver Reports — Gold Sentiment Now Excessively Bullish; Correction Ahead — Short term sentiment in Gold Futures, via the SPDR Gold Shares ETF (NYSE:GLD) has reached excessively bullish levels. This condition normally leads to a corrective move as the market runs out of buyers.