Tag Archives: gold

The Trend in Gold is Down, Sideways and Up. That’s Right!

Posted on May 14, 2012 by Michael Harris

Is the trend in gold down as some analysts have already declared it? I know a few people who would deny that the trend is down, a few more who would claim that the trend is sideways and even some that … Continue reading →

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Gold May Soon Test Resistance Near $1,800 An Ounce

Posted on April 3, 2012 by Michael Harris

There are signs of renewed gold buying both by hedge funds  for portfolio reallocation but also an increasing retail interest for gold bullion. As a result, the $1,600 an ounce price support level established after last year’s correction has held and there are a couple of … Continue reading →

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Gold Prices Found Support and Are Rallying Towards $1700

Posted on January 25, 2012 by Michael Harris

Gold prices are rallying today after testing 200-day simple moving average support near $1644 an ounce and have also managed to break above the longer-term down-trendline from the September 2011 highs.

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Gold Bulls Prepare for The Mother of All Battles Next Week

Posted on January 21, 2012 by Michael Harris

Yes, for Gold bulls it is the mother of all battles next week. I wrote earlier this month that calls of another Gold rally were premature. Since then, Gold prices have broken above their 200-day simple moving average and are now … Continue reading →

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Spot Gold Technical Picture is Problematic

Posted on January 17, 2012 by Michael Harris

Since my last post on gold two weeks ago, this precious metal has gained about $40 an ounce but prices are still struggling to stay above the 200-day simple moving average and are getting near strong resistance from the down-trendline. To make … Continue reading →

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Calls for a New Gold Uptrend Are Way Premature

Posted on January 6, 2012 by Michael Harris

This post is related to another post from today involving an analysis of GLD. Spot gold prices today tested again the 200-day simple moving average and have retreated to lower levels for now (12:07 PM EST). Any calls for a new gold … Continue reading →

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GLD About to Retest Important Resistance and Decide on its Future

Posted on January 6, 2012 by Michael Harris

It is only normal for prices retesting the 200-day simple moving average a few times after breaking below it. This average is important because it is a self-fulfilling prophecy. This is what GLD prices are about doing for the third time in the … Continue reading →

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Gold Long-Term Fibonacci Retracement Levels

Posted on December 28, 2011 by Michael Harris

Gold is currently testing the horizontal trendline support of an important descending triangle formation as already described in another post. If this triangle fails as a continuation pattern and gold prices continue to slide, this may signal the end of … Continue reading →

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An Important Technical Signal from the Gold Front

Posted on December 26, 2011 by Michael Harris

A descending triangle formed in spot gold and GLD weekly charts offers some hope to gold bulls for a potential up breakout towards new highs. What does technical analysis say about such possibility?

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