Gold and Silver Weekly Resistance – Saturday 2 Nov 2013 (8:43)
Quick video this weekend on Gold and Silver. They both bottomed at the beginning of July 2013. Since then we’ve had a Short covering rally and lately a consolidation phase.
But last week they both had weekly Amateur up bars – showing Amateurs were driving the short lived rally. And then this week Gold and Silver are both about to print cyclical Resistance on Better Sine Wave.
Looks like we’re going to have to test the Lows again and go through a “Pull Back” to “End of Trend” sequence before this bear market is over.
Good luck with your Emini trading next week.