Commodity Blog

Commodity news, technical and fundamental analysis, market data on precious metals, energies, industrial metals, and soft commodities


Video: Is It All Over for Gold?

November 16, 2010 at 11:01 by Andriy Moraru

The presented video features an explanation of why the gold is probably not a good buy anymore based on technical analysis. Using MACD divergence, chart patterns and time-exit rules, the author of the video suggests that, while gold can possibly continue to be in a long-term bullish trend, the next month will probably be bearish for it, as the correction similar to the one of June-July is unfolding now on the daily chart.

Video created by MarketClub.

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