Gold Marks A Higher Open for New Year

PRECIOUS METALS http://quotes.ino.com/exchanges/?c=metals 
February gold closed sharply higher on Friday marking an end to the decline off last week's high. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If February renews this month's rally, October's high crossing at 938.80 is the next upside target. Closes below the 20-day moving average crossing at 815.70 are needed to confirm that a top has been posted. First resistance is last Wednesday's high crossing at 883.60. Second resistance is October's high crossing at 938.80. First support is the 10-day moving average crossing at 846.80. Second support is the 20-day moving average crossing at 815.70.  
March silver closed higher due to short covering on Friday as it consolidated some of Tuesday's decline. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI remain bearish despite today's rebound signaling that sideways to lower prices are possible near-term. Multiple Closes below the 20-day moving average crossing at 10.261 would confirm that a short-term top has been posted. If March renews last week's rally, the reaction high crossing at 12.230 is the next upside target. First resistance is the 10-day moving average crossing at 10.701. Second resistance is last Wednesday's high crossing at 11.615. First support is Tuesday's low crossing at 10.105. Second support is the reaction low crossing at 9.125. 
March copper closed higher due to short covering on Friday but not before posting a new contract low. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this fall's decline, monthly support crossing at 106.78 is the next downside target. Closes above the 20-day moving average crossing at 143.26 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 134.25. Second resistance is the 20-
day moving average crossing at 143.26. First support is today's low crossing at 125.50. Second support is monthly support crossing at 106.78.

Is Gold Ready to Skyrocket?

Is gold ready to skyrocket?

Hi, this is Adam Hewison. I have just finished a new video on gold that I would like you to see. This new video deals with some of the strange events that we've been going through the past two or three weeks, or in some cases several months.

Latest Gold Video

I know most of the gold bugs have been disappointed that their favorite yellow metal hasn't skyrocketed to new highs. Some people said that we'd hit two to three thousand dollars an ounce when gold topped the one thousand mark a few months ago. I'm not sure that we will see levels like that, but the reality is, we could be seeing more interest come into this market which could push it higher.

In this short five minute video, you will get to see how well our "Trade Triangle" technology has done in the gold market. I will also show you when I think gold should hit its peak.

This is an educational video that is meant to inform you on the dynamics of the gold market and how it can help you improve your trading and timing in the future.

Latest Gold Video

Best of luck in life and trading,

Adam Hewison
President, INO.com
Co-creator, MarketClub