Market participants include bullion dealers, investment banks, futures traders, money managers and technical chart analysts.
Gartman turned bearish over only the past few days largely due to technical chart factors.
The technical chart is suggesting Apple may have to consolidate before continuing its meteoric advance.
The gold market also saw technical chart consolidation Thursday, following active price movements earlier this week.
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Others point to some technical chart developments that suggest gold is due for a retracement.
FORBES: Survey Participants Expect Gold Prices To Rise Next Week, But Stay In Range
Gold and silver prices are also experiencing some near-term technical chart consolidation, which is not bearish.
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Gold and silver prices are seeing some near-term technical chart consolidation, which is not bearish.
Technical chart analysts said those markets are having their uptrend movements questioned, at least in the short-term.
FORBES: METALS OUTLOOK: Volatility Expected Again In Metals As Market Stays Focused On Europe
The gold market is also seeing some technical chart consolidation Thursday, following active price movements earlier this week.
FORBES: A.M. Kitco Metals Roundup: Gold Firmer amid Some Safe-Haven Demand, Chart Consolidation
With little fresh news to push the market, the yellow metal continues to trade off technical chart signals.
FORBES: P.M. Kitco Metals Roundup: Weaker Technical Chart Picture Pressures Gold, Silver
Several of those looking for higher prices next week cited technical chart factors.
FORBES: Major Of Survey Participant See Gold Rising Next Week
Still, they suggested the fundamentals may trump those technical chart views for now.
Market participants include bullion dealers, investment banks, futures traders and technical chart analysts.
McAvity has published his newsletter since 1972 and uses fundamental and technical chart analysis and also looks at inter-market relationships.
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Adam Hewison, president and chief strategist with INO and MarketClub.com, said all of his technical chart indicators are negative on gold.
FORBES: Survey Participants See Gold Prices Rising Next Week
The raw commodity sector, in general, has quickly turned from bearish to bullish, from a technical chart perspective as depicted by the CCI.
The metal pushed through resistance at key price levels on the daily and weekly charts, which brought out buyers who trade based on technical chart signals and momentum.
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The near-term technical chart picture for gold is also improving.
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Choppy and sideways trading recently (called technical chart consolidation) continues.
There is some more technical chart consolidation following recent gains.
Every year, there are a handful of opportunities for the swing trader or active investor to maneuver their portfolios based on technical chart patterns and important days to take notice.
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Technical chart consolidation was featured following recent price gains.
FORBES: P.M. Kitco Metals Roundup: Gold Slightly Down, but Up from Daily Low, on Chart Consolidation
Several observers listed technical chart oriented selling in gold.
FORBES: Gold On Defensive While Tracking Euro; Technical Weakness Also Cited
Two technical analysts, Adam Hewison, president and chief strategist with INO and MarketClub.com and Darin Newsom, Telvent DTN senior analyst, both said gold has run into short-term technical chart resistance which could put pressure on prices.
FORBES: Survey Participants Split On Gold's Direction Next Week
Market participants include bullion dealers, fund managers, investment banks, futures traders and technical-chart analysts.
FORBES: Survey Participants Tilted Bullish On Gold Prices Next Week
Curiously, those looking for both higher and lower prices cited technical-chart considerations for their expectations.
Market participants include bullion dealers, investment banks, futures traders, money managers and technical-chart analysts.
Afshin Nabavi, head of trading with MKS Finance, linked much of the strength in gold and silver to technical-chart factors.
FORBES: Gold Hits Two-Month High As Euro, Oil, Grains Rise; Gain Accelerates On Chart Buying
Darin Newsom, Telvent DTN senior analyst, said the technical-chart picture for gold favors a move higher in the short term.
FORBES: Higher Gold Prices Seen For Next Week -- Survey Participants
Those who see weaker prices next week cited a few reasons, some of them based on technical-chart factors, others on fundamentals.
FORBES: Gold Survey: Mixed Outlook For Gold Prices Next Week - Survey Participants
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