Looking at a 15 minute on the game and main support lies at $2288.87 so remaining above this number keeps gold in a strong position.
The 15 minute chart is for clearer reference.
A daily with the same support number on the black line. If gold holds this area then it is in a vey strong position. Next level of support is down in the $2200 area.
A weekly with the time predicted peak remaining in place. For the moment. Could see a bounce this week but things look like they might be a bit choppy, depending of course on the Geopolitical outlook and what the Lawless fools who rule over us get up to.
A monthly on the game with gold closing with its highest ever close albeit with a decent pullback.
A quarterly indicating the possibility of the third leg in the process of completing. We'll find out soon enough.
Daily on silver with its explosive move higher for all to see as it comes back down to test support.
Stochs remain oversold but not by that much. MACD is plunging towards oversold.
A weekly on silver with the charge up to previous highs at the $30 level evident with it pulling back to test its previous highs. Next time around it could easily blow through thirty bucks.
A monthly on silver with the deranged monster Bankster smash occurring back in April 2011 giving stackers and those Eastern Fella's serious bargains.
You can see the very powerful support/resistance line at $25. With another one at the $26.30 area.
