Calling A Top In Gold?
78 days ago
Bearish Technical In Gold
Gold has continued to be in the news. Anyone watching either CNBC or Fox Business Channel can see plenty of commercials offering ways to invest in gold. How gold never goes to zero. Or predictions on what the price of gold will do in the coming years. Off course most of those predictions associated with the commercials all point to Gold prices continuing to rise further.
With technical analysis, we always try to read and react to price charts. So what does the chart of Gold, or as displayed here the Gold ETF symbol:gld tell us?
http://thetradesurfer.com/blog/calling-a-top-in-gold
Gold ETF
188 days ago
Will Gold Prices Break $1000?
The price of gold is once again charging towards $1000. Can it break through this resistance area? The attached weekly chart of the gold etf symbol:GLD shows how prices have climbed several times over the last two years only to turn back. A resistance area on a chart represents a level where price cannot seem to break above. A level where sellers overpower buyers. Traders may be familiar with the phrase “buy low sell high”. When trading a breakout above resistance, traders are looking to buy higher.
http://thetradesurfer.com/blog/gold-etf