Prices are now in a three-week-old downtrend on the daily bar chart and the specter of a bearish double-top reversal pattern on the daily chart has resurfaced.
The weekly chart shows a long-term pattern of higher highs and higher lows going back to the early-2009 lows, line c.
The chart above shows the week-to-week pattern in referrals from Google to Huffpo in 2011.
On the weekly chart for the 10-year yield, a pattern of higher lows is in place, with the December, 2009 low at just above 2% and the October, 2010 low at 2.4%.
The bulls need to step up and show fresh power soon to avoid further near-term chart damage, as a bearish pennant pattern may now be forming on the daily bar chart for April gold.
However, good gains in the near term would begin to produce a bullish double-bottom reversal pattern on the daily bar chart.
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Some fresh near-term technical damage was inflicted Thursday to raise the specter of a bearish double-top reversal pattern forming on the daily bar chart.
But the bulls do not want to see follow-through selling pressure on Friday to produce a bearish weekly low close and raise the specter of a bearish double-top reversal pattern forming on the daily bar chart.
No chart damage has occurred recently, but the bulls are still a bit worried about the specter of a bearish double-top reversal pattern forming on the daily bar chart, if gold prices show more losses this week.
No chart damage occurred Monday, but the bulls do not want to see good follow-through selling pressure on Tuesday that would likely produce some near-term technical damage and raise the specter of a bearish double-top reversal pattern forming on the daily bar chart.
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Bulls have gained upside technical momentum recently and a bullish double-bottom reversal pattern has formed on the daily bar chart.
Bulls have gained solid upside technical momentum recently and a bullish double-bottom reversal pattern has formed on the daily bar chart.
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Copper bulls have the slight overall near-term technical advantage and a bullish double-bottom reversal pattern has formed on the daily bar chart.
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That has produced significant near-term technical damage to also suggest a bearish double-top reversal pattern has formed on the daily bar chart.
Copper bulls still have the slight overall near-term technical advantage and a bullish double-bottom reversal pattern has formed on the daily bar chart.
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Still, a bullish double-bottom reversal pattern may be forming on the daily bar chart.
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The 4-hour chart going back six months shows a rounded, accumulation type of pattern that needs to do additional work to confirm completion.
If there had been good follow-through selling pressure Thursday, then a bearish double-top reversal pattern would have been confirmed on the daily bar chart.
Silver bulls have the slight near-term technical advantage as a bullish symmetrical triangle pattern has formed on the daily bar chart.
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March silver futures bulls have the slight near-term technical advantage as a bullish symmetrical triangle pattern has formed on the daily bar chart.
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All have negative weekly chart profile, and four of the five match the pattern for oil with closes last week above their 200-week simple moving averages.
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