I'm looking to short gold at $1320 as there are 2 levels of resistance there and a 3rd at $1337.9 so my stop will be above that one.There's the initial price low from the big drop and the short term downtrend resistance, plus the 61.8% Fib of the last drop at at around the $133o mark so that makes 4 resistances in a pretty short price range. The target will be the strong support around the $1170 level previously discussed. Original link...

OPHR is clinging on precariously to its channel support and is yet to close below it. Having said that, the possible higher low failed and there's yet to be another so the downtrend prevails for now.There are, however, multiple bullish divergences (not only in the RSI shown) which suggests that the current move to lower prices is weak. Yesterday's inside bar broke to the downside intraday today but closed above the key level which also suggests there's little appetite for lower prices here.I'll still wait for a higher low to form given the length of the downtrend and then I'll look to trade either that or the following  Original link...

Today's gap down came after a higher high but seems to confirm a negative RSI divergence against the earlier high which is bearish.It also failed to reach the 423p target from the W formation so it now seems to me that this rally was simply a corrective pattern despite the bullish RSI divergence at the recent low. It's not clear from the chart as shown, but yesterday's price high came as the RSI touched it's downtrend resistance which shouldn't really have happened until price was close to its downtrend and this adds to the bearish nature of the chart now.I'll be steering clear of this until a clearer opportunity  Original link...

I've left the triangle I've been tracking on this chart but now it's broken out it looks a lot more like a cup and handle formation.Note how the main downtrend resistance is still capping the price and we still have the 28.75p to 30p area to get through too but this is looking set up for a breakout soon IMHO. We won't know that until it's closed above the downtrend so I'd like to now see a close above 28p and it should be good to go then. Original link...

Price closed slightly above the main downtrend yesterday but it failed to follow through which shows that the key level remains the major 30p resistance and gap area from 28.75p.Sirius still needs to close above those areas to bring higher prices but, once it does, the move should be powerful with a target around the 47p mark.In the meantime I'm still watching and waiting. Original link...