Gold trend following analysis

gold in low momentum trend

Spot Gold  (GC) testing last Month’s S/R (Support and Resistance Price levels) at $1,281.

image

And testing last Week’s S/R at $1,285.

image

The Long term trend is Upward at or exceeding a 5% annualized growth over 200 days ma. (Low momentum).

image

The Relative Strength vs. The S&P 500 Index has turned negative, over a 200 day ma. The confidence in the private sector (US equities), by investors,  is trending higher.

image

Silver Index – long term Support

silver bottoming, perhaps

Silver $SI $SLV Doing long term trend following, not day trading, and not daily trading, apparently there is long term S/R (Support and Resistance Price levels) at $14.85 .. bouncing today at $15.06. So the BTD (Buy the Dip) trend followers are taking at look. ..the chart here is 52 Weeks, Weekly.

Silver Index

Spot Gold breaks Weekly Reversal

Gold $GC $GLD at $1,299 closed the week under a Weekly Bearish Reversal of $1,305. #gold #trendfollowing #investing

image
Spot Gold Weekly


and the Weekly Bullish S/R Price level at $1,366 remains a challenge.

image
Spot Gold Weekly