by Bill Downey     Price Analysis of Gold and Silver
Follow Our Socials!

Click here to see the GoldTrends.net Google Plus page and subscribe! Click here to see the GoldTrends.net Facebook page and subscribe! Click here to see the GoldTrends.net Twitter page and subscribe! Click here to see outhe GoldTrends.net LinkedIn page and subscribe! Click here to see the GoldTrends.net YouTube Channel and subscribe! Click here to see the GoldTrends.net RSS feed list and subscribe!

Technical Analysis Trading Gold, Trading Silver/ analysis By Bill Downey providing key turning points & charts for investors and speculators in Precious Metals Trading, and Precious Metals Markets

Kitco



Bill Downey, of Gold Trends.net, LLC, is an Independent Investment Analyst with over twenty years of study. YOU SHOULD NOT TAKE ANY MATERIAL posted on this WEBSITE AS RECOMMENDATIONS TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED. Do your own due diligence. No one knows tomorrow's price or circumstance. The author intends to portray his thoughts and ideas on the subject which may s be used as a tool for the reader. GoldTrends does not accept responsibility for being incorrect in its speculations on market trend or key turning points that it may discuss since they are at best a calculated analysis based on historical price observations.

US. Government Required Disclaimer

Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

 

 

Daily Update

26 Jan 2012 1:55 AM | Bill Downey (Administrator)

Gold (using ETF) GLD - Moving Average Trend - Bullish
A short term view of gold using the ETF (GLD). Since GLD only trades in New York, it gives us a different price pattern. The blue and red lines are the moving averages we use to gauge the Intermediate term trend. As you can see it does a good job of identifying a trend that is longer than short term, but shorter than medium term. Its a good tool for swing traders. The trend turned back up on Jan 12th at 159.66
When ever the Blue moving average is above the red average and price is above both averages, the trend is up. When the red average is above the blue and price is below both, the trend is down. Price is at a very important resistance area. A close above the White resistance line will favor a move to the Green Channel line.

Gold Moving Average Trend


Silver
Silver ETF SLV
Silver prices broke sharply higher on Wednesday. The silver ETF (SLV) price has pushed back inside the huge wedge pattern from 2011. The test now will be for silver to hold the lower dotted trend line. Support is the moving averages. As long as the blue line moving average is above the red and price is above both, the trend is up.

Silver Moving Average Trend


HUI Gold Stock Index
The HUI gold index has been in a massive choppy and overlapping pattern all year but somehow has managed to stay above the bull/bear line for all of 2011. As long as price is above 480 on the HUI the trend remains neutral. A close above the 540 area on Friday will keep this bounce going.

HUI Daily Price Chart


The US Stock Market
Price is at a major resistance area and that is what the street is watching. That dotted trend line. However we show resistance just above that in the old rally channel from the 2009 lows. A break above that line and the market trend will remain up on the short term.

SPY Moving Average Trend


Technical Analysis :: Gold & Silver

Copyright  2008 - 2015  Gold Trends.net, LLC               Email: info@goldtrends.net

Powered by Wild Apricot Membership Software