Trading news

Gold – prognosis via Dow Theory for calendar week 42/2015

Weekly chart:

Gold is still moving in a stable downtrend. In the last analysis the price was just able to stabilize itself at the last point two at $ 1071, but in the meantime the price has continued to decline, and now it seems as if it does indeed want to continue the downtrend.

Chart1

Daily chart:

After the last low point at $ 1052, gold was able to break away upwards again and arrived precisely at the last point three at $ 1088. Then began the present movement, which found its current end at $ 1047. In this trend size, too, the probabilities are also clearly on the lower side.

Chart2

Hourly chart:

Of course we can also see a valid downtrend in this trend size. This downtrend is clearly on the move. The last correction zone stretches from $ 1058 to $ 1078. As soon as the price comes into this zone and forms reversal signals, one can enter a short trade. The stop should then be placed above the red correction zone.

Chart3

I hope you will remain favorably disposed towards me and always remember: the journey is the reward!


All the best

Markus Gabel

Head of Sales / Trading

AgenaTrader / TradeEscort

AgenaTrader Trading Software

IMPORTANT NOTE: Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk. Please refer to the current version of the Terms and Conditions.

Monday, 21 Dec, 2015 / 10:15

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