Monday, November 12, 2007

XAUUSD, XAGUSD Charts

Significant corrections are taking place for both gold and silver. So far this is the sharpest drop seen since the mid august bottom. Each Fib line is currently a possible downside target.

Personally, I observe that at the moment some other markets offer superior short term trading opportunities.


Silver (Spot price) 8 hours chart



Gold (Spot price) 8 hours chart