A Technical Analysis of Where the Gold Price is Likely to Go Next

The trader's perspective
Tuesday, April 30, 2013, 9:51 AM

Executive Summary

  • Sentiment measurement is proving to be an unreliable indicator
  • Classic technical analysis is inconclusive but hints there is still weakness that needs to be flushed from the system
  • The current era is feeling like 2007/2008 gold could rebound strongly this year if enough weak economic data makes it out into the public
  • The factors to look for that will indicate a price reversal is imminent

If you have not yet read Part I: Charting Gold, available free to all readers, please click here to read it first.


Charting Gold

What the charts are telling us
Tuesday, April 30, 2013, 9:51 AM

Few investment/finance topics spark as many strong emotions as gold, for its adherents and detractors are equally committed to their views, and equally unlikely to switch camps.

Adherents view gold as the only real money in a world of constant currency debasements, while detractors don’t see gold as an investment, as it lacks a yield and price-earnings ratio. » Read more