Shayne Heffernan Gold Price Report
Under $1200 I will be adding to our Gold Holdings, I am also looking for any excessive reaction in some Gold stocks.
Gold closed down -6.950 at 1,205.200. Volume was -0% below average (neutral) and Bollinger Bands were 16% wider than normal.
Open High Low Close Volume___
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 1,237.94 1,246.26 1,162.80
Volatility: 13 19 19
Volume: 0 0 0
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
PREC.M.XAU= is currently 3.6% above its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect very strong flows of volume into XAU= (bullish). Our trend forecasting oscillators are currently bearish on XAU= and have had this outlook for the last 5 periods.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 1 white candles and 9 black candles for a net of 8 black candles. During the past 50 bars, there have been 22 white candles and 27 black candles for a net of 5 black candles.
Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
Latest posts by Shayne Heffernan (see all)
- Apple Vs Pizza: Americans’ Favorite Pie - March 14, 2017
- NASA 2017 Human Exploration Rover Challenge - March 14, 2017
- Dubai World Cup: Baffert Vs Pletcher Vs Team Godolphin - March 14, 2017