Monday, December 12, 2011

12 Dec 2011

Considering these are both in middle areas, there is not much that can be gained from them.  The only thing that seems to show is that this latest rally did not help the medium term indicator much.  The short term bounced at a higher low on Friday, and is neither oversold nor overbought.

It appears that gold and silver are currently negatively breaking through the support lines of my triangles.  However, gold's candlestick will still lie across the line.  Silver will as well, but it is far more likely to consider this a real break.

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