Weekly price is on primary bearish market condition with the ranging within 100 period SMA and 200 period SMA area: Bear market rally was started in the beginning of the January this year - price broke 100 period SMA together with key resistance levels.Fibo resistance level at 1279.71 was tested the rice to above for the market rally to be continuing.Ascending triangle pattern was formed the price to be broken to above for the local uptrend as the bear market rally. ...
Weekly price is located between 100 period SMA (100-SMA) and 200 period SMA (200-SMA) for the primary bearish market condition: price is on secondary bear market rally since the middle of January this year with 100-SMA to be broken to above for the bearish ranging market condition to be started on the border between the primary bearish and the primary bullish trend on the chart. The price is ranging within the following support/resistance levels: 1,300.00 psy resistance ...
"Gold prices dropped from $1227 on Friday to $1202 per ounce on Monday which was slightly above the top end of the $1190 price zone. Could it be possible Monday’s price action was the secondary reaction we were looking for? Possibly, but be mindful that it may still be coming. Therefore, the door is still open for a rejection between current levels and $1291 which may lead to a sell off towards $1167-$1190 per ounce." "The bottom line is ...
Why Most Investors Hate Gold "We’ll be blunt: most financial asset investors really hate gold. Anything – even leaving money in the bank – is better than owning gold since at least society has access to your capital through the banking system. Once you buy physical gold, no one has access to that sliver of your portfolio." "First, when the S&P 500 drops 5% or more in one day. Second, when the CBOE VIX Index tops 40. And ...
Gold is back on the radar screen of some risk-averse U.S. investors but it's rating much higher in several other countries were a modern-day gold rush appears to have started. more...
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