by Bill Downey     Price Analysis of Gold and Silver
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Technical Analysis Trading Gold, Trading Silver/ analysis By Bill Downey providing key turning points & charts for investors and speculators in Precious Metals Trading, and Precious Metals Markets

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Bill Downey, of Gold Trends.net, LLC, is an Independent Investment Analyst with over twenty years of study. YOU SHOULD NOT TAKE ANY MATERIAL posted on this WEBSITE AS RECOMMENDATIONS TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED. Do your own due diligence. No one knows tomorrow's price or circumstance. The author intends to portray his thoughts and ideas on the subject which may s be used as a tool for the reader. GoldTrends does not accept responsibility for being incorrect in its speculations on market trend or key turning points that it may discuss since they are at best a calculated analysis based on historical price observations.

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Gold since the 2016 Low

06 Feb 2017 6:43 PM | Bill Downey (Administrator)



GOLD for the week of Feb 6th  2017

Initial Resistance (1st tier) 1245-1255 (2nd Tier) 1272-1282

Initial Support (1st tier) 1207-1219 (2nd Tier) 1190-1197

Our last update listed resistance (2nd Tier) at 1222-1232 and the high was 1225. Support was listed at 1172-1182 and the low was 1197.

Gold Short Term (Bullish since 1134) Goes Bearish on close below 1197

Resistance this week and the odds favored targets are 1245-1255 and 1272-1282.

 Support 1207-1219 & 1192-1197. The Trend is up. Close below 1192-1197 puts short term bearish.   There's minor resistance at the 1235-1238 area at the red line.


Pivot is the 1218-1222.

 As long as we’re above that, we’re heading for the resistance areas. There’s a minor resistance near 1235-1238 we need to get above (at the red line).  The trend remains up into this week & then we'll see.



Technical Analysis :: Gold & Silver

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