13 April 2012

Gold Daily and Silver Weekly Charts



Gold and silver both gave up gains today as it was 'risk off' in the markets and at least for today that meant the metals went lower.

The chart formations on the daily price charts are obvious. What is not so clear is what the market is going to do with them, since we are in the sort of situation where we must wait for the market to signal which way it is going to break out of some big symmetrical triangles.

Have a pleasant weekend.