Gold collapsed from resistance at $1811/15 targeting $1802/00, $1786/83, $1763/60, $1755/53 and $1745. We fell as far as $1732. Further losses are expected targeting $1720, $1700 and $1690/85.
Again gains are likely to be limited in the bear trend with minor resistance at yesterday's high of $1748/50 and strong resistance at $1765/70. Shorts need stops above $1775.
Silver broke a critical support at 20.50/45 for an important sell signal with steep losses as predicted to 20.00, 19.50/45, 19.00, and almost as far as 18.80/60 as we become oversold. This is key support for today. A weekly close below 18.50 is the next sell signal.
Holding critical support at 18.80/60 (try longs if you feel brave in the bear trend) targets 19.35/40, perhaps as far as 19.60/65 for profit-taking.
EUR/CAD broke support at 1.3395/85 for a sell signal and bounced to 1.3390 on Wednesday, giving us a perfect chance to enter shorts (if you had not already) before we reached 1.3175 yesterday.
An easy 200 pip profit so far, but outlook remains negative. EUR/USD crashed through the triple bottom for a sell signal this week and fell another 200 pips to my targets of 1.0200 and 1.0170/60, perhaps as far as 1.0120/10 today. On further losses, look for 1.070/60 and 1.0030/20.
Gains are likely to be limited with minor resistance at 1.0240/60 and strong resistance at 1.0330/50.
USD/CAD first support at 1.2960/50. Longs need stops below 1.2920. A break lower is a sell signal targeting 1.2880/60 then 1.2830/20.
1-year trend line resistance at the June high of 1.3060/80. Shorts need stops above 1.3100. A break higher Is an important buy signal. A 200 pip plus move could follow.