Wednesday, March 07, 2012

Gold and Silver Trend Charts

I am posting Gold (QGC) and Silver(QSI)  compressed  daily trend charts - interestingly - Silver's up-trend seems to have been broken and Gold is looking likely to test support. The recent weakness has been a direct result of Fed's comments a little while back about possibility of hiking the interest rates before 2014 if situation changed in the interim. Gold's chart is also an excellent example of trading with the trend. Here are the charts:

Gold Compressed Trend Chart

Silver Compressed Trend Chart

The comments and posts published in this blog are NOT trading recommendations. They can not be considered as trading calls or advices. If you decide to use the information offered here for your real trading, it is at your own risk.