2014-02-18

Gold Chart - Stochastic indicator that is flashing a warning

The Gold Price very nearly broke upward through its since-August-2013 downtrend line this week, the chart shows a double bottom, other indicators are floating upward, and it has broken through its 20 week moving average. The daily chart is just too beautiful to miss. Look here, The gold price hath climbed straight up from an upside-down head and shoulders up through the neckline, broken through old resistance from $1,290 - $1,300, and today closed above its 200 DMA for the first time since February a year ago.

Only problem with this picture is that it can leave us so giddy that we overlook that stochastic indicator that is flashing a warning. I don't think this rally has ended, but around $1,350 - $1,360 it will likely begin losing altitude. This rally has run since 31 December 2013.

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Malaysia Gold Investment

I found Gold Investment in Malaysia is a vary good tools to make profit when the market is down. I also found that Gold Price go up and down more slower compare to share market so to make money in long term, Gold is the right tools. This blog is all about Malaysia Gold Info and the way to make profi

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