19 June 2012

Gold Daily and Silver Weekly Charts - Pre-FOMC Action

Please notice that I have never attempted yet to put one of the arcing lines of support and resistance yet this year.

When I do, it will be because the chart has said something decisive. So far we are in what Hugo Salinas-Price calls the 'wiggle waggle.'

There was an obvious divergence from the usual pattern in stocks and gold today, most likely due to tomorrow's FOMC meeting.