Texas Trade Report on Gold and Silver For 22 January 2014

Good Morning, Good Afternoon or Good Evening where ever you are in the world. This is Texas Trade Report on the forecast for gold and silver for today. This report is reporting price action movements of gold and silver for today. This is the sole focus of this report.  Before I can go any further, here is the risk disclaimer.

Risk Disclaimer:
 

Investing in any financial asset does carry the risk of loss. There is the risk of loss of the money have invested. Never invest money that you are not committed losing. There is a possibility of losing your original investment. If you are not sure about investing, seek the help of a registered investment adviser.

The purpose is to inform about price action and direction about gold and silver. It is to report only on information on gold and silver. It is not endorsement to buy or sell to a particular bullion dealer nor it is a recommendation from a particular firm. All opinions are my own and not Blogger.com nor Google.com.

Gold Daily Chart

Onto gold, it is down by 2.20, which is about 0.19%. It is currently trading at   $1239.70. The fib levels on the daily chart are $1252.02 at the 23.6, $1268.13 at the 38.2% fib level, $1292.50 at the 50% level, at $1331.23 at 61.8 fib level on the daily chart. Gold is holding really well on the daily chart. We are slow rising upward channel forming. It is not super aggressive and very upward. This is really good. The slower in rise the upward channel is less likely you would strong movement to the downside. This is what appears right now as I writing this article. You want to have a longer term bullish trend in place, which is excellent for what is appearing.

Gold 30 Minute Chart

Onto the 30 minute chart, as you can see, there is not a real aggressive movement to the downside. This does appear slowly marching upward as it consolidates the support. We do see this happening in real time. I am bullish on gold from the evidence that support this.

Silver Daily Chart

Onto silver, it is currently trading at 19.85 and is down by less than by a 0015 of cent. It is down by 0.06%. The key fib levels for silver at 50.0% at $20.94 and $21.45 at the 61.8 fib level on the daily chart.  We are the formation of slow rising trend channel starting form. This is excellent. You have something like because it means that the trend when goes up will be sustain over a longer period of time. The other thing is you don’t want a super parabolic structure because those type of trends to do crash faster. We see this as a very good sign and longer term sign of bullish for silver.

Silver 30 Minute Chart

On the 30 minute chart,  as you can see, there is slow march upward. It is clear that we see the formation of uptrend channel starting to form. We are not seeing fast movements down like we did the few days. We are signs of upward trend channel and formation of possible longer term trend forming. It is still quite good. I am still bullish on silver. It is an excellent time longer term to be investing silver.

We are seeing positive in the metal markets themselves. There does appear to be interest that is very positive those investing in gold and investing in silver.  We are definitely seeing this interest pan out of over longer period rather than a short period. The actively that we are seeing is for the most part very positive.  I don’t believe are going to see the strong corrective moves like we did last year. We are seeing the slow upward moves that taking like around 2005-2012. This is still quite good for the most part. Mostly, we are seeing how metals markets are reacting to the economic data being released.

You can see of the data from an economic calendar release of the data from Forex economic reports calendar page . Going forward, we can expect the data showing spurts of slight improvement. It is not something to rave about. For gold investors and silver investors, the evidence speaks for itself. Have a great day and will put another later on.

If you like the information that has been presented, bookmark this page and the Texas Trade Report Blog in your favorites and send link to it to everyone you know. Blog about it on Facebook, Twitter it to friends and family. That is the way it unfolds.