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.