Well, any signs of strength in gold has evaporated over the last ten days, and we’re now looking at a distinctly bearish picture.
Let’s start with the daily chart…
The price has now fallen well below the trend line, and the two moving averages are in the process of crossing. The only support in sight is […]
Popularity: 14% [?]
Tags: Commodities
Well, we’ve got gold up nearly ten bucks today, at the time of writing, and perhaps the most interesting chart is the 1-hour one.
It shows a steep run-up on April 9th, a pause, and then a peak at $940 the following day. The price went into decline from there until April 14th, when an […]
Popularity: 17% [?]
Tags: Commodities
Well, here we are on April 10th, and we have a breakout!
Spot gold is trading just over $933 right now. This is a significant break to the upside, though not one that I would yet call confirmed.
Looking at the weekly chart we’re seeing the lower rising trend line that has been with us since […]
Popularity: 22% [?]
Tags: Commodities
I’ve been looking at gold today. Here’s a snapshot into the way a technical trader thinks…
Non-farm payroll figures came in today from the US and are weaker than expected. Gold is still up around $909, and the June futures are suggesting there’s more upside to come in the short term.
However, it’s noteworthy that, in […]
Popularity: 17% [?]
Tags: Commodities
