Sunday, November 02, 2008

Gold and Silver Charts

September bottoms failed to hold for both gold and silver. The price of Gold made a new bottom at around 681$ for spot gold. The price of spot silver traded as low as 8.47$.

Gold support and resistance zones: 541$, 559$, 607$, 638$, 681$ <> 744$, 772$, 845$, 930$, 988$,1032$


gold weekly chart


Silver support and resistance zones: 5.20$, 6.30$, 7.23$, 8.46$<> 11.03$, 12.02$, 12.59$, 13.07$, 13.73$, 16.48$, 19.44$, 21.34$.



silver weekly chart

14 comments:

MoneyBob said...

Great Charts. Thanks for the technical perspective and the data points. If gold and silver fall more, I'm buying more. Check me out on www.MoneyBob.com

Frank said...

Citigroup expects the gold price to hit the 2000$ by the end of 2009. I'm curious, but if China really buys a bigger amount of gold...

troy said...

With the amount of liquidity which was / is and will be injected into the financial system this is certainly possible.

Gold Bullion said...

I love to read interesting post that has knowledge to impart! Thank you for sharing your insights! I will avidly wait for your next blog entry.

Best regards,

sandy said...

thanks for sharing nice technical stuff

gold prices said...

impressive charts! thanks for the great information. What are the possibilities for gold prices
to come down further?

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Gold Trading Guru said...

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Cass said...

Fantastic Chart! We are a company (www.cashinn.co.za) that buys and sells gold. During the last few months it has been incredible to see the amount in uncontrollable interest in the volume of transactions for gold. I would like to understand how other dealers in collectibles such as gold coins, jewelery and other fine pieces are trading on both sides of the Atlantic. Regards Cass (cashinn.co.za)

por todos said...

very cool them

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Penny Stock Infomation said...

I believe that gold and silver have quite a way to go from here.

Lahore said...

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Day Trader Software said...

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