Lets start with Gold in weekly TF. Gold is in a position where it can correct but INR is a pretty weak currency these days - hence Gold is able to stay strong despite weaker price structure. So any correction will be god gifted and should be used to accumulate.
Silver looks like it will for the time being continue with its consolidation. It had made a panic bottom around INR45,000 and from there on its been in that zone between INR50,000-INR60,000. So prices around 50,000 are good for silver. Its not trade at these times but for accumulation as money yes. Go for it.
You can see this lower high Gold has made in November compared to Gold in INR. Gold here in USD is consolidating the gains and hence is in accumulation mode.
Silver is in accumulation mode as well.
The price structure and the candlestick in DJIA and SP500 warrant closing all the longs and prepare for move of prices downwards. So we should expect downward price movements for sometime now.
USD has closed the week very strongly and thus would offer a possiblity that supports the bearish market view in the coming week for equities.
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