#Gold - Short-term triangle formation- Expect Big #Volatility

As the attached gold spot chart shows, a short-term triangle formation has been formed.

The RSI (Relative Strength Index) is falling. The Relative Strength Index compares the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions of an asset.

 

The MACD (lower chart) is flattening out. With the expiration of the March gold futures contract coming up, we just might witness huge volatility in the gold price.

As #Oil collapses, it's taking the #Loonie down

“Black gold” is now testing the 50% Fibonacci retracement of its entire
Q2 rally at 52.30, but if that level gives way, a continuation down
toward the 61.8% retracement near the psychologically-significant $50
level could be next.



MasterMetals: #Dollar/ #Loonie may have a date with six-year hig...:   Dollar/Loonie may have a date with six-year high as crude’s collapse continues          Global traders remain hyper-focused on the ...

#Silver has now Crossed the 100 & 200-day moving average on the way to US$ 20/oz

 

Silver has now crossed the 100 and 200-day moving average and the next target would be the 400-day moving average around US$ 20 per ounce. The Point&Figure chart above shows a triangle formation just about breaking out on the upside.