SILVER Intraday Technical Analysis 2012-02-29

Silver is currently testing the upper limit of its medium term bearish channel in 37.60 and seems to initiate a decline. However a break of these levels will release significant potential and initiate a bullish trend.
Technical indicators do not provide sell-signals but evolve in overbuy zone supporting the assumptions of a decline. Bollinger bands are much discarded to a result of the strong increase of these days. Stabilization is expected in the short term.
According to previous events, the market will show the bullish chance when silver has broken its resistance at 37.60 with the 1st objective of 38.20, then 38.50. A break through 37.40 will invalidate this scenario.

GOLD Intraday Technical Analysis 2012-02-29

Gold is currently testing the intermediate resistance of its medium term bullish channel in 1,792 suggesting a decline. Still puncturing through these levels will allow it to reach the upper limit of its channel to 1,827.
Technical indicators don't give clear signals but are approaching the overbuy zone suggesting a decline. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.
According to previous events, the market will show a bullish opportunity as soon as gold has broken its resistance at 1,792 with the 1st objective of 1,802, then 1,810. A break though 1,789 will invalidate this scenario.

SILVER Intraday Technical Analysis 2012-02-27

The silver is currently testing the upper limit of its medium term bullish channel at 35.70 and seems to initiate a decline. However, a break of these levels will free up significant potential and initiate a bullish trend more violent.
Technical indicators provide sell-signals and are approaching the overbuy zone supporting the assumption of a decline. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.
According to previous events, the market will indicate a bullish opportunity as soon as the silver has broken its resistance at 35.70 with the 1st objective of 36.30, then 36.50. A break through 35.50 will invalidate this scenario.

SILVER Intraday Technical analysis 2012-02-23

The silver is moving in a medium-term trading range and approach to the upper limit of this one in 34.50 suggesting a decline. However a break of these levels would free a large potential and initiate a bullish trend.
Technical indicators do not provide clears signals but approach to the overbuy zone suggesting a decline in the short term and until that the resistance is not broken the assumption of a decline is most likely. Bollinger bands are much discarded to a result of the strong increase of these days. Stabilization is expected in the short term.
According to previous events, the market indicates a bullish opportunity as soon as the silver will have broken its resistance in 34.50 with a 1st objective of 34.90, then 35.10. A break in 34.30 would invalidate this scenario.

GOLD Intraday Technical analysis 2012-02-23

The gold is currently testing the intermediate resistance of its medium term bullish channel in 1785 suggesting a decline. However a break of these levels would free a large potential and allow it to reach the upper limit of its channel to 1813.
Technical indicators do not provide sellers signals but evolve in overbought zone suggesting a decline in the short term. Bollinger bands are much discarded to a result of the strong increase of these days. Stabilization is expected in the short term.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1785 with a 1st objective of 1795, then 1798. A break in 1783 would invalidate this scenario.

SILVER Intraday Technical analysis 2012-02-20

The silver is currently testing the upper limit of its medium term bearish channel in 33.70. and seems to initiate a decline. However a break of these levels would free up significant potential and initiate a bullish trend.
Technical indicators don't give clears signals but approaching to the overbuy zone suggesting a decline. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.
According to previous events, the market indicates a bullish opportunity as soon as the silver will have broken its resistance in 33.70 with a 1st objective of 34.30, then 34.50. A break in 33.50 would invalidate this scenario.

Malca-Amit to Boost Asian Precious-Metal Storage on Bank

Malca-Amit Global Ltd., a Hong Kong- based company that stores and transports precious metals and diamonds, plans to open a vault in Beijing and is doubling space in Singapore as rising demand spurs gold’s 12th year of gains.
The Beijing facility at the city’s airport will open by the end of the year, Ofer Wilner, regional manager of the Far East unit, said in an interview. A $2-million expansion at the Singapore FreePort will be ready in six months, adding three vaults to the existing pair, which are 80 percent full, he said. Malca-Amit, founded in Tel Aviv in 1963, is joining lenders such as Deutsche Bank AG (DBK) and storage companies including The Brink’s Co. in opening or expanding vaults to tap demand for secure space to house commodities used to protect wealth. China may become the world’s largest gold market this year, displacing India, according to the World Gold Council. READ MORE

GOLD Intraday Technical analysis 2012-02-15

The gold is currently testing the intermediate resistance of its medium term bearish channel in 1730 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1741.
Technical indicators provide sellers signals supporting the assumption of a decline in the short term. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1730 with a 1st objective of 1741, then 1745. A break in 1728 would invalidate this scenario.

SILVER Intraday Technical analysis 2012-02-13

The silver is currently testing the intermediate resistance of its medium term bullish channel in 33.90 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 34.60.
RSI provide buyers signals but approaching to the overbuy zone suggesting a decline. Bollinger bands are stabilized showing a more regular volatility.
According to previous events, the market indicates a bullish opportunity as soon as the silver will have broken its resistance in 33.90 with a 1st objective of 34.40, then 34.60. A break in 33.70 would invalidate this scenario.

GOLD Intraday Technical analysis 2012-02-13

The gold is currently testing the intermediate resistance of its medium term bearish channel in 1733 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1758.
RSI provide buyers signals but approaching to the overbuy zone suggesting a decline. Bollinger bands are stabilized showing a more regular volatility.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1733 with a 1st objective of 1745, then 1748. A break in 1731 would invalidate this scenario.

GOLD Intraday Technical analysis 2012-02-10

The gold broke the lower limit of its medium term bullish channel in 1729 leading to an acceleration. A pull back on these levels is expected  before a resumption of bearish.
RSI provide sellers signals supporting the assumption of a decline. Bollinger bands are stabilized showing a more regular volatility.
According to previous events, the market indicates a bearish opportunity on the levels of 1729 with a 1st objective of 1715, then 1710. A break in 1731 would invalidate this scenario.

SILVER Intraday Technical analysis

The silver approach to the lower limit of its medium term bullish channel in 33.30 suggesting a rebound. However a break of these levels would free a large potential and entail a bearish channel.
RSI provide buyers signals suggesting a rebound in the short term. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.
According to previous events, the market indicates a bullish opportunity on the levels of 33.30 with a 1st objective of 33.70, then 33.90. A break in 33.10 would invalidate this scenario.