Just a quick heads-up. Take a look at the Gold Daily chart. The gold price has been listless for the last 4-5 weeks. On the daily chart you can see that its forming a nice triangle pattern.  I’m not really one for trading that particular pattern, but I always take a note of them when […]

Here’s a little update from my Gold post of the 20th Jan which you can read here: Gold In my previous post I talked about how having double bottomed nicely price was running into resistance around the weekly trend line / weekly 20 Moving Average and a resistance zone around 1265 -1275.  I mentioned that […]

A quick update on $Gold. (Apologies for the scruffy chart.) Having appeared to perform the classical double bottom off the $1180 region, Gold has rallied from $1180 bottom to the $1250-$1260 region for the first 2-3 weeks of 2014. Here is where I see it running into its first proper test of 2014.  We have […]

Yesterday (Thursday 19th Dec) gold closed on a daily basis below the $1200 level (down at $1187) after another extended period of selling of the precious metal. I was reminded of a blog post I wrote almost a year ago in December 2012 “A contrarian Gold Sell signal from this weekends FT?”  about how the […]

Here’s a few of the charts I spoke about last night during the End of 2013 Review webinar that I conducted for ActivTrades.  It was a look back through the year and a look ahead at possible scenarios for 2014. Some of the themes I talked about for 2014 were: – “Abegeddon!” – Euro Deflation […]

Well, what a difference a few days makes!  I wrote a post on Thursday about price coming down to the 1530 – 1570 Support level. As you can see from the chart price crashed through that the next day and closed the week off at $1489! I’d love to say I timed my post to […]

Back at the start of December 2012 I wrote about a comment in the FT detailing the largest purchases of Gold by Central Banks in nearly 40 years and how this could be a contrarian sell signal for Gold  I thought I’d do a quick follow-up with a chart to see how gold has fared since […]

I’ve often mentioned that the only paper I’ll bother buying or reading is the FT Weekend. Reading this weekend piece I came across a small comment in the Commodities column of the Markets & Investing Section: “As a group, central banks are set to buy almost 500 tonnes of gold this year, the most in […]

Hello Traders, I’ve had a very busy few weeks and thought Id update you on a few of the trades I’ve had play out in that time.  The first one is Gold.   Since the large Bearish Outside Bar in mid february price had gently meandered down towards the 1500 – 1600 dollar range. In […]