I was asked my view on Aussie Gold stocks so thought I’d post charts of some that I’m keeping an eye on as the precious metals both flirt with 6-year bear trend lines.
Gold and Silver have been preforming strongly this year with Silver breaking up through a 6-year bear trend line and Gold up testing its 6-year bear trend line. The US$ has faced a bit of weakness lately and, if this continues, it could prove to be just the right ingredient to help these two to […]
Yesterday I posted 4hr charts of some of the major stock indices showing them trading within various technical patterns. Whilst stocks traded lower on Wednesday amid geo-political concern, for now, they remain within these consolidation patterns. The drill remains the same: watch for any momentum based trend line breakout.
The major stock indices I have on my 4hr MT4 charts are consolidating within 4hr chart triangles during this Easter week and amid various geo-political risk events; Syria, North Korea and the Turkish Referendum as just a few. All of these patterns offer a fair bit of room for ‘more of the same’ and I […]
Yesterday I posted charts of some of the major stock indices showing price action remaining range-bound in various triangle formations. That landscape has changed significantly following Tuesday’s trading session with all of the charts delivering triangle breakouts and the trend lines I had on these charts was most valuable in helping to track these breakout […]