Showing posts with label Gold (Xad/Usd). Show all posts
Showing posts with label Gold (Xad/Usd). Show all posts

Sunday, 17 February 2013

Gold Outlook in the mid-term

Look at the potential bat pattern for Gold on the daily charts.
There is also a good support region highlight in purple.
I believe when the price comes close to these levels it will a good opportunity to go long for longer-term trade.

Tuesday, 11 September 2012

Some charts.



DBS broke out of the downward channel and on a larger scale looks like a bull flag.









OCBC is also similar to DBS and has a good support at its 61.8%











UOB looks slightly weaker compared to DBS and OCBC. Watch out for resistance level I have highlighted.






For Singtel I choose to use a line chart because the pattern looks exactly like a mountain and already falling. The 3.25 level could be a support for a short-term rebound.


The following chart is Noble Group. The long-term downward sloping resistance could be strong. Advise is to look to take some profits off.







The two charts are for Gold and Silver on daily. They already broke out of the descending triangle line and looks like going to turn higher in the long-run.