Metals by The Numbers

Stock Tiger

This daily gold chart shows that long the red candle on the fed speak day when it dropped

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This closer view show is the two day rebound and although it closed back over the 50 day EMA it could drop again even after some possible rally. If it dropped from this level. We show a measured move if it were an A-B-C decline and you  can see it could actually drop below the 200 day EMA at 1648.

This is a two day per bar April gold futures chart and the retrace levels.

This gold futures chart we had live on our chart sharing page which is open during normal market hours. This caught the drop from the parallel channel near 1778 for almost a 90 point drop. Another trade opportunity was when it bounced back up to the broken trendline. It now has at least some pretty well defined short term trading trendlines.

Last week we posted this chart and that received a note from some from someone saying they could see it was pretty clear that they would be a good pullback as it looked to them pretty strong resistance at the top of this channel. It worked out that way. As this ETF lost 3% on increasing volume  but managed to closed back over the Center Bollinger band.

This closer daily view of the ETF shows the close at the 50 day EMA and also a possible measured move. If the starting point were here. Though gold could surprise and rally from this level, but with so much volume  on the selloff day one would think it will continue.

The mechanical GDX renko chart shifted to a sell this week.

This silver monthly chart shows last month close just under this green resistance line as it stayed there this week as well.

The March silver futures had run right up to the 61.8% retrace level and RSI over 70 before it declined so once again these marked the short term high.

The SLV mechanical trade then also shifted to a sell this week after a super run on the long side.

Copper pullback Tuesday and Wednesday only to recover Thursday and Friday.

Platinum also dipped a little and recovered much of that by the close.

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