{"id":134,"date":"2010-10-06T07:56:41","date_gmt":"2010-10-06T06:56:41","guid":{"rendered":"http:\/\/www.futurestechs.co.uk\/blog\/?p=134"},"modified":"2010-10-06T07:56:41","modified_gmt":"2010-10-06T06:56:41","slug":"gold-technical-analysis-new-all-time-high","status":"publish","type":"post","link":"https:\/\/www.futurestechs.co.uk\/news\/2010\/10\/06\/gold-technical-analysis-new-all-time-high\/","title":{"rendered":"Gold Technical Analysis – Shining bright – Making new all time highs"},"content":{"rendered":"

A few days back we said: “Dips are being bought, the bulls are in charge, and we’re not going to be caught batting against such a solid trend. Oh no!” <\/em> <\/em><\/p>\n

The market is in a rampant mood now, and put on stellar gains yesterday, trading up to then through my 1340 target (we’ve been talking about this as a target all year!).<\/p>\n

We busted through the channel top line, RSI is overbought (the highest reading since 2005 in fact), and everything looks like it’s getting a little bit carried away. We are aware of this, and aware that sometimes this is the sort of thing that happens at a top. But that doesn’t mean we’re “calling” a top, because we can still see further upside in these sort of conditions.<\/p>\n

If we break below 1328.2 things could start to unravel pretty quickly as I think there is now a fair bit of “speculative froth” appearing on the surface now.<\/p>\n

_________<\/p>\n

Below are Support (S1 to S7) and Resistance (R1 to R7) levels. On our daily reports we also include a chart, “Automated” levels including Pivot Points, Market Profile levels and popular Moving Averages, as well as our unique “SkewBar”, giving you an instant snapshort of the current short term trend.<\/p>\n

Our daily analysis is read by Prop traders, Brokers and Fund Managers. Please feel free to request a Free Trial of our service.<\/p>\n

___________<\/p>\n

R7\u00a0 – 1425<\/p>\n

R6\u00a0 – 1410<\/p>\n

R5\u00a0 – 1404<\/p>\n

R4\u00a0 – 1400<\/p>\n

R3\u00a0 – 1379.4<\/p>\n

R2\u00a0 – 1373.4<\/p>\n

R1\u00a0 – 1350<\/p>\n

___________<\/p>\n

S1\u00a0 – 1345.7<\/p>\n

S2\u00a0 – 1342.9<\/p>\n

S3\u00a0 – 1333.8<\/p>\n

S4\u00a0 – 1328.2 <\/strong><\/p>\n

S5\u00a0 – 1324.8<\/p>\n

S6\u00a0 – 1319.8<\/p>\n

S7\u00a0 – 1313.3<\/p>\n","protected":false},"excerpt":{"rendered":"

A few days back we said: “Dips are being bought, the bulls are in charge, and we’re not going to be caught batting against such a solid trend. Oh no!”
\nThe market is in a rampant mood now, and put on stellar gains yesterday, trading up to then through my 1340 target (we’ve been talking about this …<\/p>\n

Read more<\/a><\/p>","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[79,98,112,236,254,255,257,258,265,674,494,495],"class_list":["post-134","post","type-post","status-publish","format-standard","hentry","category-technical-analysis","tag-candlestick-charts","tag-chart-analysis","tag-clive-lambert","tag-futurestechs","tag-gold","tag-gold-analysis","tag-gold-chart-technical-analysis","tag-gold-charts","tag-gold-technical-analysis","tag-technical-analysis","tag-technical-analysis-report","tag-technical-analysis-reports"],"_links":{"self":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts\/134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/comments?post=134"}],"version-history":[{"count":0,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts\/134\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/media?parent=134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/categories?post=134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/tags?post=134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}