Tag Archives: gold

Breakout for gold at 1300

Gold will test major resistance at 1375

Weekly chart for gold showing the breakout at 1300 and the next test at 1375

Gold 6-Year Chart

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Reference my last post for gold when it was testing 1300.

“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

Gold at major resistance of 1300

Intermediate uptrend for gold at major resistance of 1300

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“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

Breakout for gold above 1260

I identified the shooting star candlestick in the chart. It indicates a yellow light for the uptrend. Caution is advised if you are trading the near-term uptrend.  There could be a test back to 1260 which would be normal. If you are trading the intermediate uptrend, I would hold the position unless there is a break below support around 1260.

Chart for gold showing the breakout above 1260 and the 200-day moving average.

Gold 7-Month Candlestick Chart

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“Technical Analysis is about putting the probabilities on your side.”

Note: 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 stocks or indexes.

© 2017 TradeOnline.ca

Intermediate uptrend for gold with resistance at 1260

Gold daily chart showing the intermediate uptrend and resistance near 1260.

Gold 6-Month Daily Chart

Reference the last chart analysis for gold when it closed above resistance of 1220 back in February.

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“Technical Analysis is about putting the probabilities on your side.”

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.

© 2017 TradeOnline.ca

Have a great trading day. Any questions? Email [email protected]

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Near-term downtrend for gold

The major trend is down for gold, the intermediate trend is up and the the near-term trend is down. Support points are highlighted on the daily chart. A major geopolitical event would change this picture in a heartbeat.

Near-term downtrend for gold.

Gold Daily Chart

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“Technical Analysis is about putting the probabilities on your side.”

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.

© 2017 TradeOnline.ca

Have a great trading day. Any questions? Email [email protected]

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Gold closes above resistance of $1220

Near-term uptrend for gold as a Trump risk edge
Near-term uptrend for gold.

Gold Daily Chart

______________________________

“Technical Analysis is about putting the probabilities on your side.”

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.

© 2017 TradeOnline.ca

I hope you enjoyed the post. Have a great trading day. Any questions? Email to [email protected]

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Near-term uptrend for gold with resistance at 1220

But, the intermediate trend is down
Gold daily chart showing resistance around 1220

Gold Daily Chart

______________________________

“Technical Analysis is about putting the probabilities on your side.”

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.

© 2017 TradeOnline.ca

I hope you enjoyed the post. Have a great trading day. Any questions? Email to [email protected]

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