Gold has created an interesting setup recently with one momentum indicator and one time/price indicator calling for a possible bottom in the shiny commodity’s price. This is the topic of my weekly article for TraderPlanet.com.
Here’s a blurb:
Gold has been rising steadily since 2001, but has been in a solid uptrend since 2009. During the last four years there has been just a hand few of dips for gold bulls to jump onto. When using technical analysis we have three resources at our disposal, time, volume and price and we are going to look at two of those in the chart below of gold.
Click over to read the rest: Anatomy of the Gold Chart: Dip Offers Buy Spot (TraderPlanet)
Disclaimer: Do not construe anything written in this post or this blog in its entirety as a recommendation, research, or an offer to buy or sell any securities. Everything in this post is meant for educational and entertainment purposes only. I or my affiliates may hold positions in securities mentioned in the blog. Please see my Disclosure page for full disclaimer. Connect with Andrew on Google+.
