Gold remains in a strong downtrend and vulnerable to further decline/volatility. Simple trend lines and fibo suggest more of the same. I'm looking for resistance points on Friday at 1190, 1194 and 1198 with support points at 1178-1180,1170, 1160. A long weekend ahead.
Euro continues in an upswing. Initial resistance at 1.1530, but strong resistance ahead of that. Above 1.1530 opens path to higher level. Price is above midline of BB, but could quite easily be re-visited. Wall of worry and least resistance.
Hochschild has been in a downtrend for quite some time. Companies like this are clearly linked to the price of precious metals, as witnessed by their recent trading results, but they will benefit substantially if physical metals can continue their recent increase in price. On my chart it looks like the downtrend has been broken, with a higher high. I'm looking...
Expect high for today already in, but should be capped by yesterday's high. Price to re-test MA20, lower channel of BB and simple 50 % fib retracement. Preferred targets given on chart.
