[ad_1] The defining feature of the gold price chart is that it has taken so long to go nowhere. Gold appears to have slipped into a zombie state, largely unmoved by a weaker , or interest rate predictions or any world crisis. Gold bars at the Austrian Gold and Silver Separating Plant in Vienna, Austria. […]

[ad_1] The very best technical analysis helps us to put aside our hopes, dreams and assumptions, so that we can get a more objective view. Traders work on the floor of the New York Stock Exchange. Getty Images But even that is not enough because we have hidden biases that predispose us to interpret events […]

[ad_1] The Australian dollar in various denominations. Brendon Thorne | Bloomberg | Getty Images The Australian dollar challenged a long-term resistance level near 81 and then failed to develop a new uptrend. The retreat took the Australian dollar back to test the long-term support level near 7.75. Australian exemption from the new U.S. steel tariffs […]

[ad_1] The is developing a classic test and retest pattern that often precedes a major trend reversal. This is a pattern of behavior seen in the Guppy Multiple Moving Average indicator. It is a three-part pattern. The first part is when a rally approaches the lower edge of the long-term GMMA and then retreats. That’s […]

[ad_1] President Donald Trump and China’s President Xi Jinping (not shown) make a joint statement at the Great Hall of the People on November 9, 2017 in Beijing, China. Getty Images President Donald Trump’s plan to impose tariffs on up to $60 billion worth of goods imported from China, and Beijing’s response to earlier steel […]

[ad_1] Mark Wilson | Getty Images The U.S. market is faltering as scandals hit companies like Facebook. It’s also struggling because larger companies realize the true impact of President Donald Trump’s tariff and trade war with China. Previously, as the U.S. markets went from strength-to-strength, the U.S. dollar index continued to weaken. This was contrary […]

[ad_1] Traders work on the floor of the New York Stock Exchange. Getty Images The shows the honeymoon for President Donald Trump with the markets is over. A look at the index activity from 2016 until Jan. 29, 2018, shows daily ranges — low to high — are small and about the same size. The […]

[ad_1] Oil pumpjacks in silhouette at sunset. The NYMEX oil price breakout above $66 comes as no surprise to traders who analyze the price charts. This price behavior sets the next price target near $76 and potentially higher. Readers will remember that we set $65 and $76 targets in oil notes in 2018 February. These […]

[ad_1] Hand holding gold bullion. Edgar Su | Reuters is exhibiting an untidy uptrend in price with the potential to breakout above the critical long-term resistance level near $1,364 and move toward $1,550. It’s the untidy nature of the uptrend, and the lack of confirmation from related commodities, that calls for more caution in trading […]

[ad_1] Not every price chart adheres to the perfect exemplars of chart analysis, but sometimes they do. The daily Nikkei 225 chart is an almost perfect example of a Guppy Multiple Moving Average trend breakout pattern. Technical indicators include those that are purely mathematical in construction. A moving average crossover is an example. The crossover […]