Gold Trend Analysis 2013 03 14

Gold price still in bullish trend and stay above SMA200. However, gold is sideway for mid term and in descending triangle pattern. Gold trader still not making any move whether to continue bullish or start a new bearish trend.

Triangle pattern can be considered as correction phase while moving in uptrend/downtrend. Some trader/investor taking profit while the other is buying.

Gold can be reinvest when price near the supporting line as price tend to rebound thereafter. Trader can execute stop loss when gold price break the supporting line.

Happy investing.

GOLD Trading 2013-01-24

Gold broke the channel.

Trade with manual stop loss.

Gold Technical Analysis 2012 09 09

Weekly Gold Analysis.

Gold finally broke the triangle pattern. Our target will be at 1970.20. If price reverse in direction we will close our position manually. Let's see next week.

GOLD Technical Analysis 2012-06-10

GOLD DAILY CHART

Gold currently in descending triangle, gold traders are at sideway as no fresh news on USD. Anyway, just monitor the chart and make decision when gold break channel or support.

Bloomberg news on gold. The analyst targeted gold will up to USD2,000 this year. Let's see and trade.

Trade Idea:
Stay aside until breakout happened.

GOLD Analysis 2011-12-12

Gold continue downtrend after making new lower high at 4H chart.

Pending sell already triggered and target profit suggested at 1648.00. SL at 1725.00

GOLD Analysis 2011-11-27

Gold daily chart show the lower high in action. Thus we can consider that Gold in correction from down trend.

Gold is currently in Kumo (No trade zone for daily chart). However, Gold testing the Kumo as support.

A possibility of good trend when Gold break Kumo.

At 4H chart, Gold clearly under bearish trend and currently in correction phase.

Trade Idea:
Sell Gold when break the support line. Target is as shown in the chart.

Gold Analysis 2011-06-23

I believe gold could be the strong reason why many other pairs that related with USD move strongly. USD is getting strong versus Gold. However, on weekly chart, Gold still moves in bullish trend line.

Trade Idea : Sell gold with SL above evening star either auto or manual SL.

Happy forexing. :)

Gold New World Record High

Gold now touching it new world record high. The new high is already projected by many professional fundamental analyst when it compares to US Dollar. US Dollar now depreciate and will be more and more depreciated as no gold value on US Dollar. Just print the US Dollar to buy gold. Very lucky to US citizen who has a lot of US Dollar who can simply buy gold to protect their asset.

Trade Idea : Buy gold for long term investment and as protection to inflation. Paper money is fiat money.

Gold Chart 2011-04-07

Gold long term trend is strongly bullish. Many traders or investors already long for gold. Gold price is above Kumo and TS is above KS. A sign of strong uptrend. Price is almost near the channel trend line. The price still have room to go up.