GOLD - SHORT TERM INDICATORS

(UPDATED AS OF THE U.S. CLOSE ON  THURSDAY, MAY 27)

STOCHASTICS Turning down from high levels
9 DAY RELATIVE STRENGTH At 58 
PARABOLIC TIME/PRICE INDEX Changed to declining trend April 16 
PRICE MOMENTUM Trading below neutral
MACD Trading under neutral 
COMMODITY CHANNEL INDEX Declining under neutral 
40 DAY MOVING AVERAGE Above the average

The indicators are mostly mixed but mostly continue to tend toward negative as the gold price fluctuates in a limited range for 6 months and remains below its all time high near $1,227 hit in November (2009).  

For more detailed technical analysis visit our GOLD page.

Click for June gold chart (scroll below the chart for a computerized analysis).

For a gold chart and a computerized view of the technical analysis (from an unassociated web site), click here: June Gold  (Scroll down under the chart for a computerized analysis of indicators).

Click for Explanation of Indicators

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