October gold closed higher due to short covering on Thursday as it consolidated some of this week’s decline. The high-range close sets the stage for a steady to higher opening on Friday. However, stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If October extends this week’s decline, the [...]
As mentioned in the last couple reports we are currently waiting for a correction which will hopefully provides us with a low risk entry point. Since June we have been in a short term down trend, but the longer term trend is still up. Which is why we are looking for a buy signal and [...]
I think it came as a big surprise to many traders that the gold market imploded on Tuesday pushing to its lowest levels in several days. View the Gold Video Chart Here The downward spiral was enough to trigger a daily “Trade Triangle” which moved us into the neutral camp on this market. Exiting our [...]
August gold closed sharply lower due to profit taking on Tuesday and below the 10-day moving average crossing at 946.00 signaling that a short-term top has likely been posted. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are overbought and are turning bearish hinting that [...]
Gold was slightly higher in quiet trading overnight as it extends last week’s trading range. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If August extends this month’s rally, the reaction high crossing at 966.70 is the next upside target. Closes below the [...]
Gold closed higher on Monday as it extends last week’s trading range. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If August extends this month’s rally, the reaction high crossing at [...]
(Reuters) – Gold rose to a new 6-1/2 week high of $958.70 an ounce in Europe on Monday as the dollar weakened, prompting investors to buy into hard assets such as bullion, while firmer oil prices provided further support. The metal remains in a range of $945-960 an ounce, with strong technical resistance towards the [...]
Only you can answer the first question; we’ve written this letter to help you with the second. Gold bugs have long touted the yellow metal’s time-tested store of value. But, contrary to popular opinion, gold isn’t always the best investment when times get tough – and we have the analysis to prove it. Our friends [...]
August gold was slightly lower due to light profit taking overnight as it consolidates some of Thursday’s rally. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If August extends this month’s rally, the reaction high crossing at 966.70 is the next upside target. Closes below the 20-day moving [...]
Gold priced ended the month with a 5% decline, but a 2% rise in the second quarter and 6% rise in the first half of 2009. June is typically the best month of the year to buy gold at an average 10% low for the year. Most analysts are projecting gold prices will end the [...]