price action

A Correction is Expected for Platinum

Posted on September 30th, 2009 in aus, aussie dollar, bullish trend, cent, correction, gold prices, Market News, micro cap, palladium, perth, platinum, precious metals, price action, rebound, Silver, technical resistance

Precious metals have been strongly demanded during the last few months: gold prices jumped above $1,000, silver and palladium prices reached recently a new 12-month high.
What about platinum? Have a look at the chart: the medium-term bullish trend in place since last November may above soon. A correction is expected.
Indeed, 11 months of up-trend have [...]

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Can Gold Break Through to a New High?

Posted on September 07th, 2009 in aus, aussie dollar, bullish move, bullish trend, cent, gold, Gold futures contracts, gold prices, Market News, micro cap, OBV, On Balance Volume, perth, price action, rise, RSI

Gold is on the rise again, and it is likely that its price action will test soon the previous highest levels, above $1,000. Currently Gold is trading just below this important level.
The price action has posted a high at $999, above the previous significant peak of last June (point E on the chart). This point [...]

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