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XLRE weekly chart late 2015 - January 2018

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 weekly chart from early 2013 to January 2018

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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XAUUSD monthly chart 2007 - present

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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