| |
Major Site Upgrade in Progress |
 |
|
 |
|
Shahla
Money Managing Guru
Joined: 13 Nov 2004
Posts: 3324
Cash Points ££ 126163.28
|
|
|
 |
|
 |
|
 Posted: Mon Feb 26, 2007 2:45 pm Post subject: Weekly Gold and Silver Technical Analysis Report - 26th Feb |
 |
|
|
 |
|
 |
|
|
|
|
Tuesday was a bummer. Was someone playing around with the bullion? Wednesday was back on track and everything looks great.
GOLD - LONG TERM
Well, we now have a stronger confirmation on the long term P&F chart that the bull is on once more. The original upside break at $660 still had some resistance from earlier action but that was breached by the move to $690 this past week. Yes, there still is that previous high set last May but that is expected to be breached in not to distant future. When we draw our 45 degree up or down trend lines we can often draw a parallel resistance or support line.
We had that long red dashed resistance line from the 1996 action right up to last year's top. We now have a new resistance line which seems to be an extension of the previous blue support line. This happens, a previous support becoming a resistance and visa versa. One can now envision the action going into the future being trapped by these two lines, the solid blue support line and the dashed red resistance line. As for projections for the move, well we went through that earlier but let's look at it again. The original break projects to the $780 level while this weeks move through additional resistance now projects to $915. I know that I have those longer term projections going into the $1500/$1600 level but let's take things one step at a time -- $780 is first.
So, what are the normal indicators telling us. From the action during the week, especially the later part of the week, one might guess that they are all positive. Well, they are but with some slight caution. The price action has been all above the long term positively sloping moving average line. As long as the action is above a positive moving average line one can remain bullish. However, momentum is still slightly under performing although firming up with the latest action. The long term momentum (suggesting strength of the price action) has been in the positive zone for years except for a very brief period in 2004. Although continuing to move higher in the positive zone it is still below its level reached during the June/July rally of last year. This slight under performance is always something to be watched and considered BUT one should not dwell too heavily upon it but go with the recent action and trends. With a volume indicator in its positive zone and above its positively sloping moving average trigger line all is in place. The long term prognosis remains BULLISH.
http://www.marketoracle.co.uk/Article407.html |
|
|
|
|
|
|
 |
Online Finance Tools & Calculators |
 |
| Credit Score Calculator |
Easy to use online Credit Scoring tool - Calculate your credit score now online for FREE ! using the Moneyforums.co.uk credit scoring tool. Also TEN Tips on improving and mainting a good credit rating ! |
|
| Quick Health Calculator |
Easy to use quick health calculator to help you get started on the path to fitness. Calculates your body mass index (BMI). |
|
| "When will I die ?" Calculator |
Calculate when will you die based on your current life style and then more importantly what you can do about extending your lifespan ! |
|
| Mortgage Calculator |
Easy to use online Mortgage calculator tool - Calculate how long it will take to pay off your mortgage and what your monthly repayments will be as well as interest charged per month per each year. |
|
| Savings Calculator |
Use the flexible savings calculator to estimate the amount of interest you would earn given a level of monthly savings, with many optional settings. |
|
| UK Tax Calculator |
Check your tax and NI liability using this easy to use online tool. Outputs, Tax, Ni, Net pay and gross pay on an annual, monthly and weekly basis, also estimates your tax burden and the number of days a year you work for the tax man ! Plus lots of tax saving tips. |
|
|
 |
|
 |
|
Money
Forums Guides |
|
| Credit
Card Stoozing |
The
following guide explains the basics of credit
card stoozing in a step by step basis. |
|
| Discount
Vouchers |
Online
discount vouchers giving upto
50% off in stores such as Dixons,
Tesco, Avon, Currys, Boden and more. Many
of the vouchers are time limited - So check
back regularly |
|
| Money
Saving Guide |
Guide
to saving money on household bills & personal
finances - Start saving thousands of £'s
every year TODAY ! |
|
| Savings
Tree |
A
guide to Savings Accounts, from Cash ISA's to
Regular Savers to Premium Bonds, all explained
in an easy to understand manner. |
|
|
Users
Groups | Profile
| Messages
| FAQ | Sponsers
& Links | Member
list | Recommend this site | Top Money Saving Sitee
© 2004 - 2007 Moneyforums.co.uk / Market Oracle Ltd - Asserts copyright on all topics & posts made on this site. Moneyforums are open forums, and thus posts are NOT endorsed by Moneyforums.co.uk / Market Oracle Ltd . Any and all information provided within the Website is for general information purposes only and nor is or shall be deemed to constitute, financial or other advice. We recommend that independent professional advice is obtained before you purchase any product and/or service. All tools and guides are provided as is for general information purposes only.
|
|
|
