Gold –
in the weekly down trade to 1040.61, next down side target is 996.40.
Daily moved above the 1130 pivot and stopped at the short cycle target of 1145 – the next upside target is 1179.
the subsequent smaller cycle pull back has triggered another short entry at 1114.50 to a first target of 1083. the daily cycle will peak on 3-16 and downward time pressures will begin. trade pressures are down.
Silver –
in the weekly short trade to 12.90. trade pressures are up and a long entry price is at 17.45.
daily, traded thru the 16.83 target with a new up target of 18.16. the pullback has found support at the same 16.83 level. 16.48 is the short entry price with a 15.42 target. trade pressures are extended up and time pressures are down.
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 now extended up and the cycle pressures remain down til Mar 18th. 1582 target met. next target up is 1647.75.
short entry price is a close below 1559 with next down target 1509. be careful of these short cycles, the average trading range is high.
Palladium –
the pull back to 380 has set a new long entry price at 449 close to a 519 target. trade pressures remain up.
The Daily triggered a short at 429 which never reached 406.60; turning up and triggering a long entry at 435 to targets 472 and 497. Time pressures down and trade pressures turning over while Price is diverging from the indicators, keep stops tight.