January 20, 2015

  • Silver trading above the falling resistance line.
  • 18-19 zone and the weekly cloud will be big test for silver bulls.
  • Medium term trend can only turn bullish on closing above these levels.

  • Gold daily extending gains above 200 SMA.
  • As price moves up it is nearing crucial weekly resistance zone.
  • Gold bulls need a weekly close above this zone for bigger up moves to happen.


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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