Here are two conservative strategies, each has a couple confirmations and they both give a clear picture as to what is happening with the price of Gold.
This first chart has some oscillators and a 15 sma to indicate the trend, a simple presentation.
The second chart has some elements of the Bill Williams system, this chart is quite conservative and also quite profitable for a longer term investor.
I like to keep an eye on the P&F charts as it gives a good idea as to where things may be headed in future. This one indicates that Gold may be in for a further decline in the short term.
Below are some articles about Gold and we can see from them that people are pessimistic about the price in future.
Actually, it is very difficult to know future direction of prices, many times the news has been proven to be wrong.
(Please note that nothing on this page is a recommendation to buy or sell, this is for entertainment only)
Gold set for biggest weekly drop since mid-July on rate speculation - Fox Business
http://news.google.com Sat, 23 Aug 2014 00:50:48 GMT
Wall Street JournalGold set for biggest weekly drop since mid-July on rate speculationFox BusinessGold steadied above a two-month low on Friday after a five-day losing streak and was headed for its biggest weekly loss in five, hurt by strong U.S. eco ... Read more ...
Gold ends lower on poor demand amid global uncertainty - Times of India
http://news.google.com Sun, 24 Aug 2014 06:53:18 GMT
Gold ends lower on poor demand amid global uncertaintyTimes of IndiaMUMBAI: Gold prices declined marginally in a lacklustre trade at the domestic bullion market here on Saturday due to lack of buying interest amid disappointing overseas trading senti ...
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Gold To Fall Lower But Don't Expect Prices To Collapse - Capital Economics - Forbes
http://news.google.com Thu, 21 Aug 2014 20:48:21 GMT
Gold To Fall Lower But Don't Expect Prices To Collapse - Capital EconomicsForbes(Kitco News) – An improving U.S. economy and growing expectations for an early rate hike will drag gold prices lower by the end of the year, but the impact will be limite ...
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Gold - The Week Ahead - Seeking Alpha (registration)
http://news.google.com Sun, 24 Aug 2014 08:14:37 GMT
Gold - The Week AheadSeeking Alpha (registration)Gold and relative securities had a difficult last week, due to concerning rate discussion in the FOMC meeting minutes and strong economic data stoking fear of Fed rate hike. However, Janet Yellen's dov ...
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