"If the market can turn positive from the technical analysis point of view, I would take that as a sign that it has discounted the bad news, " says Appel.

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The risks and negatives for gold are not only coming from the charts and technical analysis.

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You can overlay this with technical analysis and the results from investor sentiment surveys.

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There are many articles on the classic characteristics of double top formations and the 1948 technical analysis classic Technical Analysis of Stock Trends from Robert D.

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The technical analysts' reaction was harsh, to say the least--ranging from quibbling about my grammar to arguing that because technical analysis has attracted a large following, it must have merit.

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Often times, weekly RSI divergences will confirm signals from other technical tools like the on-balance volume (OBV), which gives even greater validation to the analysis.

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