Chart analysis for gold

Close above the 200-day moving average for gold, but…..
Gold 6-Month Daily Chart showing close above the 200-day simple moving average

GOLD 6-Month Daily Chart


Major and intermediate downtrend for gold
GLD ETF 5-Year chart showing the major and intermediate downtrend.

GLD ETF 5-Year Logarithmic Chart


“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

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