GOLD Intraday Technical Analysis 2012-03-27

 Gold is currently testing the upper limit of its medium term bearish channel in 1694 and is likely to decline. However, a breakdown of these levels will reveal significant potential and initiate a bullish trend.
Technical indicators provide signals for BUY-deals; location near the overbuy zone confirms the assumptions of a decline. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.
Proceeding from the previous situation, the market indicates a bullish opportunity as soon as the gold will has broken its resistance in 1694 with 1st objectives seen at 1705 and 1710 levels. A breakdown in 1691 will cancel this scenario.

GOLD Intraday Technical Analysis 2012-03-26

Gold is currently testing the intermediate resistance of its medium term bearish channel in 1672 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1710.
Technical indicators provide  signals for Sell-deals confirming the fact that the pair is likely to decline soon. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.
Proceeding form the previous situation, the market indicates a bullish opportunity as soon as the gold will has broken its resistance 1672 with 1st objectives seen at the 1682 and 1690 level. A breakdown in 1669 will cancel this scenario.

SILVER Intraday Technical Analysis 2012-03-26

Silver is presently testing the upper limit of its medium term bearish channel in 32.40 and is likely to decline. However, if these levels are passed through, the significant potential will be revealed resulting in the beginning of the bullish trend.
Technical indicators do not provide clear signals but until that the resistance is not broken the assumption of a decline is most likely. Bollinger bands are much discarded due to the strong increase that ttok place recently. The situation is expected to stabilize soon.
Considering the previous situation, the market indicates a bullish opportunity as soon as the silver will has broken its resistance in 32.40 with 1st objectives 33.00 and 33.20. A breakdown in 32.20 will reverse this scenario.