Gold, Oil & Indices (Equity & Bond Indices)

OK, from the 32.32 low I can see the 70.7% ret at 44.47 clustered with a 161.8% sym ext at 43.96 and then the 78.6% ret above at 45.83.

I aint interested in those levels unless can break 127.2% sym ext at 41.68 clustered with 161.8% ext ret of last swing down at 42.23 and then we have the 61.8% ret from low sitting on 42.95. Ideally I like the various clusters to be closer together.

What is currently significant is the consolidation at the 50% ret level clustered with the 100% sym level and the 127.2% ext ret level. We have to break to the upside of this cluster before getting too excited about higher prices imo.

Perhaps if gold supplies are running short as intimated by AL on the twitter dreadie just now we might see silver do some catching up ??? Not sure if that theory holds water. Right now we have a near perfect potential ABC pattern corrective so a break above said levels is key for bullish bias. All basis daily t/f.

DB = double bottom ? still doesn't explain your specific targets.

How are you deriving your targets ? 26th/27th April candles ?

Not wishing to interfere with AL silver long posi he published on twitter, the 50% ret level of the May decline has seen a reaction lasting a few days. Traders should now be watching 41.66 and 42.95 (current 40.28). Not saying silver could not go a lot higher but pattern is still corrective until proven otherwise.

Tell us more Nor. Direction ?