November 29, 2013

  • Silver 4 hour chart shows strong resistance at the cloud. Trend will favor bears as long as price stays below the cloud of this time frame.
  • Price is trying to stay above 50 Period SMA. Price has to close and sustain above 20.31 levels for a possible up move to follow.
  • GOLD Trend update
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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore