December 16, 2016

  • Silver month chart shows a down swing towards the Trend line drawn from 2005 Lows. For this to happen price should break below 15 levels.
  • Immediate support for Silver near 15.80 levels. More weakness only on week staying below this level.
  • 4 Hour chart shows the double top the subsequent fall and the Immediate resistance at 16.16 levels. For a bounce to happen price should sustain above 16.16 levels.
  • 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