Gold, Silver, Platinum TA (Technical Analysis) 09th May 2015

For those who loves to look at TA movement of gold, silver and platinum, hoping to grab some physical silver or gold coins before the market trends move up…

Here is a simple TA analysis by Mr Cillin, with permission from him.

His analysis :-

Gold, Silver and Platinum
Symmetrical triangle form in Silver and Platinum looking for break down or break out.  Gold seem to have Symmetrical triangle too.
Gold COT buying interest is increasing yet to hit above 90
Silver and Platinum COT buying interest decreased last week after few weeks of increasing

via:- Cillin Trading Planner

By the way: COT refers to Commitments of Traders, a report that shows both the interests of commercial users / producers (meaning they uses or produces the commodity as part of their manufacturing process) as well as those who trade the commodities for financial speculations.

More on the COT can be found here.

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