One of the most important aspects of trading is being able to properly identify major market cycles and trends. The markets will typically move between four separate stages: Bottoming/Basing, Rallying, Topping/Distribution, and Bearish Trending. Each of these phases of market trends is often associated with various degrees of market segment trending as well. For example, one of the most telling phrases of when the stock market is nearing an eventual Topping/Distribution phase is when the housing market gets super-heated. Yet, one of the most difficult aspects of this Excess Phase rally trend is that it can last many months or years, and usually longer than many people expect.
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February 21, 2021 | What Is The Next Move For Silver/Gold? Follow Treasuries and Commodities Trends To Find Out
Chris Vermeulen Chris Vermeulen has been involved in the markets since 1997 and is the founder of TheTechnicalTraders.com. He is an internationally recognized technical analyst, trader, and author of the book: Technical Trading Mastery. Chris has developed trading strategies that incorporate technical analysis, position-sizing, and risk management to boost performance while reducing portfolio risk.
Gold continues to wallow near its recent low price level, near $1765. Silver has continued to trend moderately higher – but still has not broken out to the upside. Many analysts have continued to estimate when and how metals will begin the next wave higher. My research team and I believe we’ve found some answers to these questions and want to share our research.
Gold Price Outlook: Gold Weekly Reversal- Bear Market Rally or More? 2021-01-22 20:00:00 Michael Boutros, Strategist
Gold Technical Price Outlook: XAU/USD Weekly Trade Levels
Gold priceupdated technical trade levels - Weekly Chart
XAU/USD snaps two-week losing streak – recovery vulnerable sub 1909 Advertisement
Gold prices are poised to snap a two-week losing streak with XAU/USD up more than 1.3% to trade at 1856 in early US trade on Friday. An outside weekly-reversal marks the second occurrence in just three weeks and while this development would typically be considered constructive, the rebound keeps price within the broader August decline and the focus is on a break of this week’s range for guidance. These are the updated targets and invalidation levels that matter on the gold weekly charts heading into the close of the month. Review my latest Weekly Strategy Webinar for an in-depth