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Gold falters on dollar surge
Spot gold is testing short-term support at $1750/ounce as the greenback strengthens. Breach of the rising trendline would suggest that the advance is losing momentum — and breakout below $1700 would...
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Gold unsettled by stronger dollar
Spot Gold is consolidating between $1740 and $1800, with the rising dollar halting its advance. Penetration of the rising trendline warns that momentum is slowing and breach of support at $1740 would...
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Silver reverts to mean
Spot silver has reverted to its “mean” — the spot gold price plotted against weekly silver. Reaction to the GFC was far more severe than gold in 2008 as industrial demand for silver slowed. Breakout...
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Gold falters as the dollar strengthens
Spot Gold is headed for another test of the lower trend channel on the weekly chart. Failure of support at $1600 would warn of reversal to a primary down-trend; follow-through below the September low...
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Spot gold
Spot gold rallied off support at $1670 as the dollar weakened. The primary trend remains upward and breakout above $1800 would signal a test of $1900*. Declining 63-day Twiggs Momentum warns that the...
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Safe haven demand for dollar and gold eases
The Dollar Index is testing support at 78.00. Narrow consolidation above the support level indicates weakness. Recovery above 79.00 would relieve this, while failure of support would warn of another...
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Dollar breakout causes gold tremors
The Dollar Index broke through resistance at 80.00, signaling a primary advance to 85.00. Rising 63-day Twiggs Momentum indicates a strong up-trend. * Target calculation: 80 + ( 80 – 75 ) = 85 The...
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Spot gold finds support
Spot gold found support at $1500/ounce. Failure of this level would confirm a primary down-trend. Breach of the descending trendline would indicate that a base is forming, while recovery above $1800...
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Gold rallies as dollar weakens
Spot gold is headed for a test of resistance at $1800 after breaching the descending trendline on the weekly chart, indicating that a bottom is forming. Breakout above $1800 would complete a double...
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Gold Bugs warn of a primary down-trend
Amex Gold Bugs Index, representing un-hedged gold stocks, followed through below 480, after breaking primary support at 500, confirming a primary down-trend. Peaks below the zero line on 63-day Twiggs...
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Gold falls as the dollar rallies
The Dollar Index rallied to test resistance at 80.00. Breakout would indicate respect of the rising trendline and another primary advance. Recovery above 82 would confirm the target of 86*. Respect of...
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Gold, Silver and the Dollar
The Dollar Index met strong resistance at 80.00 and is likely to re-test support at 78.00. Upward breakout would signal continuation of the primary up-trend, while failure of support would warn of...
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