Thursday, 19 September 2013

Gold testing resistance at down trend line and key moving averages

First chart shows Gold testing trend line resistance.

Second chart zooms out and adds moving averages, showing that the 18 day is close to crossing bearishly through the 40, and also illustrating that Gold's upside has been capped many times over the past year in similar vicinity where it sits now, relative to the moving average pair.

USD/JPY rallying from dual trend line support?

S&P 500 rallies to another test of long term trend line resistance