boutique trading strategies: Gold Price

Showing posts with label Gold Price. Show all posts

Friday, January 30, 2015

Gold Analysis as At January 30, 2015

This has been an interesting week for any Gold trading strategy as the metal has been unable to reach higher ground and instead has drifted lower.

Gold may be moving inverse the the US Dollar which has been galloping higher recently.

As I have mentioned in previous posts, there is considerable resistance to a move higher for gold as illustrated on these charts,

This first chart shows a bearish Fibonacci Pattern on a weekly chart and it appears that the pattern is valid and may indicate a further decline in price

Next we have a couple Ichimoku Kinko Hiyo charts and as you can see, on both charts, price is having difficulty penetrating the resistance of the cloud.

This next chart demonstrates the resistance on the Harmonics chart.

Those charts should well illustrate the resistance that Gold is facing on a technical basis.

Fundamentally there is a lot of developments in politics and economic matters that have yet to establish a clear path for Gold.

There are some Elliot Wave chartists that are quite confident of a great upward move for Gold, alas, the timing of that move has not yet appeared.

Wednesday, January 14, 2015

Gold Drops After Meeting the Ichimoku Cloud

The resistance of the Ichimoku Cloud has halted, at least temporarily, the rise in Gold

Wednesday, August 20, 2014

Gold As At August 20, 2014

Investors will be adjusting their trading strategies as they await the Jackson Hole meeting later this week.

There are many opinions, both bearish and bullish, however, no one seems to have a firm grip as to what the meeting will cause Gold price to do.

Here are some articles with opinions and facts about Gold, I hope they will be helpful to you.

Enjoy.!!

Gold Wavers Ahead of Fed Minutes - Wall Street Journal

http://news.google.com Wed, 20 Aug 2014 14:13:55 GMT

CNBCGold Wavers Ahead of Fed MinutesWall Street JournalGold prices shuffled between losses and gains Wednesday, as investors weighed flaring conflicts in Ukraine and the Middle East against the possibility that minutes from the Federal Reserve's last ...

http://news.google.com Wed, 20 Aug 2014 14:11:46 GMT

Investors are flocking to gold--but that could be a mistakeYahoo Finance (blog)That all sounds good for gold until one reads the World Gold Council's recent report on gold in the second quarter of 2014. Its data show that total demand for gold—physic ...

http://news.google.com Wed, 20 Aug 2014 12:55:05 GMT

Resource InvestorGold & Silver Market MorningGold SeekGold Today – The gold price closed at $1,295.90 down $3.00 on Tuesday's level in New York. In Asia and early London, gold prices held that level. The gold price was Fixed at $1,294.50 down $5.75 a ...

http://news.google.com Tue, 19 Aug 2014 09:54:17 GMT

Here Are 10 Countries Hoarding Enormous Piles Of GoldBusiness InsiderIn May 2014, the European Central Bank and other European central banks signed the fourth Central Bank Gold Agreement (CBGA). The agreement says the central banks 'currently do not ...

http://news.google.com Wed, 20 Aug 2014 11:23:52 GMT

Bryan Best of Gold Funds as Miners Rally: Riskless ReturnBloombergCaesar Bryan's focus on mining stocks that can thrive even in a gold bear market has made him the top performer after his picks rallied following the industry's “near-death experience. ...

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