-
Gold Trading at a Critical Level Ahead of the NFP
Gold has been trading in a messy consolidation since November. When we look at the daily chart and drown out the intra-session noise, we can see that the consolidation has been in the form of a triangle. The daily chart shows gold trading at the crossroad – between bullish signs since November and the prevailing downtrend since July. Strong bullish daily candlesticks along with higher lows suggest a shift in trend is occurring in gold. However, price has remained under a falling trendline from July and the 100-day SMA. The daily RSI has held below 60, which reflects maintenance of the prevailing bearish momentum. ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jan 8, 2015 11:58pm Jan 8, 2015 11:58pm
- Guest
- | IP XX.XXX.12.201
- Comment #2
- Quote
- Jan 9, 2015 12:42am Jan 9, 2015 12:42am
- Guest
- | IP XX.XXX.210.8
- Comment #3
- Quote
- Jan 9, 2015 3:12am Jan 9, 2015 3:12am
- orabi
- | Commercial Member | Joined Dec 2009 | 245 Comments
focus while relaxed to see better
- Comment #4
- Quote
- Jan 9, 2015 4:33am Jan 9, 2015 4:33am
- Valerka
- | Joined Dec 2011 | Status: Member | 113 Comments
- Comment #5
- Quote
- Jan 9, 2015 7:06am Jan 9, 2015 7:06am
- aqilarshad
- | Joined Aug 2010 | Status: Junior Member | 2 Comments