Gold Analysis as at January 17 (updated) - online trading academy forex review

Gold Analysis as at January 17 (updated) ~ online trading academy forex review

Your Gold Trading Strategy will have been altered significantly this week as the metal has made a strong move north.

I have a few charts with some notations for you to have a look at, below those is some current commentary which you may find of interest.


This first chart shows Harmonics and may indicate there will be a reversal.

Here is the pivots on the weekly chart, price has stalled there, at least termporarily.

The Ichimoku Cloud appears to be offering significant resistance on the weekly chart.

On this next chart, which is weekly we can see a bearish Fibonacci pattern

And on this weekly chart we have a bullish Fibonacci Pattern

Now we have the Point & Figure Chart from Stockcharts.com. They have revised the target from $1,050 to $1,510 so this weeks move had had an effect on the P&F calculations.

Swiss shock no game changer for gold? - CNBC

Fri, 16 Jan 2015 12:39:36 GMT
CNBCSwiss shock no game changer for gold?CNBCBut on the negative side, she said that the momentum for the Swiss franc—which surged 30 percent against the dollar on the SNBs move–created competition between the Swiss franc and gold as a safe haven ...

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Gold Climbs to Four-Month High as Open Interest Surges - Bloomberg

 Fri, 16 Jan 2015 06:16:31 GMT
Wall Street Journal (blog)Gold Climbs to Four-Month High as Open Interest SurgesBloomberg“Theres a lot more uncertainty in Europe and the U.S., and thats piqued a lot of investors interest in gold,” Fain Shaffer, the president at Infinity Trading ...

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2015 Stock Picks: Our Gold Plays Surge Ahead This Week - Money Morning

Sat, 17 Jan 2015 04:16:44 GMT
2015 Stock Picks: Our Gold Plays Surge Ahead This WeekMoney MorningThe past couple of years have seen considerable pressure on most gold equities, thanks in large part to a declining, then consolidating, gold price, Money Morning Resource Specialis ...

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PRECIOUS-Risk aversion puts gold on track for biggest weekly gain since 2013 - Reuters

Fri, 16 Jan 2015 21:51:10 GMT
PRECIOUS-Risk aversion puts gold on track for biggest weekly gain since 2013ReutersNEW YORK/LONDON, Jan 16 (Reuters) - Gold rose to a four-month high on Friday and was set to increase 4.5 percent for the week, its biggest weekly gain since August 201 ...

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