Gold has continued on with its bullish wedge breakout and Silver is in the process of attempting one now too as it rallies above the key S/R level of $15. There has been a 4hr candle close above the weekly chart’s bear trend line but, obviously, a weekly candle close above this level needs to […]

The recent move higher with Gold and the basing-style activity with Oil had me checking some mining and resource related Aussie stocks over the w/e. Posted below are some charts that I will be watching for any recovery and /or breakout activity, especially if the recovery effort with Gold continues.

Gold has rallied overnight with more ‘flight to safety’ activity following further weak US data. The metal has broken up through a three year+ bear trend line and any continued US$ weakness will help to keep the metal supported. Traders need to watch and see if there is a weekly candle close above this bear trend line […]

Gold continues trading under the three year+ bear trend line of a bullish descending wedge but has closed the month above key $1,100 support and has also printed a bullish-reversal monthly candle pattern. Silver has printed a different, but still bullish-reversal style, monthly candle and is consolidating in a similar style wedge. Most other metals have held […]

Whilst most global stock indices have closed lower for the month the BoJ activity on Friday helped many to carve out a bullish weekly close and to hold above monthly support trend lines. The weekly and monthly charts of some indices are reviewed in this post.