Tag Archives: trading indicators

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.

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.