Peter's Blog

The Technicals: How Much Left in the Current Gold and Silver Correction?

The technical analysis last month highlighted the mixed environment at the time: The indicators are once again giving some mixed signals. The price action is definitely needing further consolidation. However, other indicators suggest a market that is just getting started. … Either way, downside does seem limited at this point, especially considering all the bad news has […]

The Technicals: Is $2,000 Gold Support or Resistance?

The technical analysis last month highlighted how the current price spike looked unsustainable and needed time to consolidate. It also mentioned that we may be at a turning point in precious metals, concluding:

The Technicals: This Week Could Be the Most Important Week for Gold in Years

Gold had a big rally last week. But is it sustainable? What are the technicals saying? The data over the last several months continues to give insight into the market. November showed the market was in neutral, but then the December analysis correctly identified an impending move upwards, the January review called for a correction and then February concluded:

Gold and Silver Technicals: This is a Healthy Correction if $1800 holds

The data over the last several months has been spot on in predicting the moves in gold and silver. November showed the market was in neutral, but then the December analysis correctly identified an impending move upward, and the January review concluded that gold may need a breather before moving higher. So, what about this month?

Getting Technical: A Metal Exchange Interview

Over the last several months, you may have noticed a new series of articles with a data-driven focus here at SchiffGold. In this Metal Exchange interview, host Mike Maharrey talks to the man behind those posts. Mike and Tony dig into the ins and outs of technical, data-driven analysis and how it can expand our […]

Technical Analysis: Is This Capitulation?

The price analysis two months ago concluded that a neutral market had been found between $1800 and $1850 and was waiting to see a break of resistance or support. It leaned bullish with indicators showing the down move had run its course but it also highlighted the risk that a drop below $1800 and $1750 brings $1680 […]

Technical Analysis: Gold is Building Solid Support

After a big miss on the Powell/Brainard nominations in November, the price analysis has been fairly accurate. Identifying the initial breakout above $1800, mentioning that $1900 was fragile support, and last month concluding that gold had found a bottom around $1800. For the past month, gold has been consolidating within a tight range around $1850. The data suggests the next […]

Technical Analysis: Has This Gold Pullback Run Its Course?

The price analysis last month identified the near-term risk that gold could fall below $1880 and even $1850 despite a medium-term bullish outlook. The $1800 level was identified as a key marker for keeping the bull move intact. So far, that has held and produced a solid bounce back towards $1850 which becomes the next hurdle.

Technical Analysis: Resting Between Fragile Support and Weak Resistance

Gold is currently tucked between fragile support and weak resistance. Both gold and silver have been on a wild ride for the past several weeks. The last technical analysis showed how gold had broken through the lengthy consolidation pattern between $1750-$1800, with the Ukraine crisis pushing the metal through $1900.

Gold Price Action Observations and a Look Ahead

This article was written by Joel Bauman, SchiffGold Senior Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.  The article focuses on the gold market through the lens of technical analysis. Technical analysis is a subjective form of study based on historical price patterns. The […]