Tag Archives: trading indicators

Signs of bearish reversal for XLRE

XLP retains it’s status as a leading bear sector in the US market. At the moment, moving averages, price action and chart pattern paint a bearish reversal setup. 1) Moving average dead cross. 2) Bearish expansion in January terminates last 4 quarters of higher lows. 3) Fallen out of equidistant channel.

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Zijin Mining excellent example of multiple technical analysis concepts

This weekly chart of Zijin Mining (2899.hk) is an excellent example illustrating various technical analysis concepts: 1) Moving averages as a roadmap that provides direction, support. 2) Chart pattern reveals continuation (base building) or reversal. 3) Volume as an excellent companion of price movement.

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Gold bullish or nothing?

XAUUSD is setting up a potential breakout if this triangle formation is valid. Gold bulls’ wait could be over soon in this sequence 1. break trend line 2. break strong resistance 3. new high.

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