Tag Archives: gold

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

______________________________

“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]

Positive SSL on a transparent background

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]

Positive SSL on a transparent background

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]

Positive SSL on a transparent background

Gold could easily test the 1050 price zone

Fibonacci Retracement levels for gold
Gold 3-Year Weekly Chart with Fibonacci Retracements

Gold 3-Year Weekly Chart

Reference the last chart analysis for gold showing The break below major support at 1200 which is now a major resistance point. the reversal of roles is an important concept in technical analysis.

______________________________

“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.

© 2016 TradeOnline.ca

Positive SSL on a transparent background

Gold closes below US $1200 major support zone

Break below $1200 for gold.

Gold Weekly Chart

Reference the last chart analysis for gold.

______________________________

“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.

© 2016 TradeOnline.ca

Positive SSL on a transparent background

Gold testing major support zone of $1200

Intermediate downtrend and increased probability for a break below $1200
Gold Weekly Candlestick Chart showing the intermediate downtrend with support at $1200.

Gold Weekly Candlestick Chart

I closely monitor the charts for gold because of the relationship with other trades. Reference my last chart analysis for gold.

______________________________

“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.

© 2016 TradeOnline.ca

Positive SSL on a transparent background

Gold below 40-week simple moving average

Gold will test $1200
Gold 3-Year Weekly Chart

Gold 3-Year Chart

https://tradeonline.ca/2016/10/14/support-gold-around-1250/

______________________________

“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.

© 2016 TradeOnline.ca

Positive SSL on a transparent background

Near-term downtrend for gold with support at $1250

Support is near the 40-week simple moving average
Weekly chart for gold showing support around the 40 week simple moving average.

Gold 6-Year Weekly 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.

© 2016 TradeOnline.ca

Positive SSL on a transparent background