TBT – Precious Metal Weekly Review

Gold Weekly

Silver Weekly

Platinum Weekly

  • Weekly gravestone doji – often a sell signal
  • Bollinger band is converging for a potential breakout

Platinum Monthly

Palladium Monthly

  • Monthly moving averages have provided strong resistance
  • Downtrend line exist – this remains a bear market
  • Rallies are shorting opportunities
  • Sell-off since 2014 has ended the 5 wave pattern and we believed that it is undergoing an ABC corrective pattern
  • $682.17 is 50% fibo level – area of interest for selling again on the completion of the ABC corrective pattern

 

 

 

 

 

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