The weekly chart shows that the triangle or flag formation, lines d and e, was completed in the middle of January.
In the past week, GLD has overcome the downtrend on the daily chart and completed the triangle or flag formation (lines a and b).
Silver bulls have the slight near-term technical advantage as a bullish symmetrical triangle pattern has formed on the daily bar chart.
FORBES: P.M. Kitco Metals Roundup: Gold Ends Modestly Lower in Choppy Intra-Day Trading
March silver futures bulls have the slight near-term technical advantage as a bullish symmetrical triangle pattern has formed on the daily bar chart.
FORBES: A.M. Kitco Metals Roundup: Gold Firmer, at 2-Week High, on Technical Buying, Short Covering
Daily chart now shows a flag, or triangle formation, lines d and e.
The weekly chart shows the completion of a 16 month triangle or flag formation (lines a and b).
Over the past year, however, a potential triangle formation has been developing, which is a key chart pattern technical traders like to monitor.
Chart Analysis : The long-term daily chart of the Comex continuous gold contract shows a flag or triangle formation (lines a and b).
The daily chart of the iShares Silver Trust ( SLV) shows a triangle formation (lines a and b), which is a classic continuation pattern.
The weekly chart of the Natural Gas NYMEX futures shows the completion of a triangle formation, lines a and b.
The weekly chart of the Spyder Gold Trust ( GLD) shows a broad triangle or flag formation (lines a and b) that goes back to July 2011.
So while I would love to believe the chart, and it seems like there is a nice little ascending triangle starting to form, maybe trying to form some kind of a bottom to bounce out of, the bottom line is: Money, as far as sectors go, is still going into the defensive sectors.
The daily chart of iShares MSCI South Korea Index Fund ( EWY) is still locked in a wide triangle formation, lines e and f, but the fund is still up 5% since June 24, outperforming SPY by 3%.
应用推荐