Monday, 26 May 2014

ASX 200 approaching long term trend line resistance, again

The ASX 200 is once again approaching long term trend line resistance. Chart includes after hours trade.


Gold squeezed between trend line support and resistance

Gold is currently squeezed between trend line support and resistance. A break from the apparent triangle, in either direction, may lead to a sustained trend, or to more frustrating choppy sideways action.