Gold –
in the weekly down trade to 1040.61, next down side target is 996.40.
Daily has triggered the short entry at 1100 to 1069 and now is in a upward retracement; mind your stops – a trade thru 1130 will reverse this short trade. trade pressures are down, cycle pressures are up.
Silver –
in the weekly short trade to 12.50. trade pressures turning up.
daily, much the same as gold, trying to trade up to next target of 16.83 and the 15.50 short entry price is acting as support.
Platinum –
in a long term up trade next target is 1868.80. trade pressure extended up. 1303 is the short entry price.
daily trade pressures are up and the cycle pressures are down til Mar 18th. 1582 next target. short entry price is a close below 1505 (which has been tested 3 times last week). next down target is 1454.80.
Palladium –
the pull back to 380 has set a new long entry price at 449 close. trade pressures are up.
However the Daily has triggered a short at 429 to 406.60 and trade pressures are down. appears to be a pull back in the longer term up trend.