Commodity Technical Analysis: Gold Probes Short Term Trendline

Daily Bars

eliottWaves_gold_body_gold.png, Commodity Technical Analysis: Gold Probes Short Term Trendline

Chart Prepared by Jamie Saettele, CMT

Commodity Analysis: Gold’s decline reversed just before the level where the decline from the October high would consist of 2 equal waves and the 61.8% retracement of the rally from the 2012 low. Currently testing short term trendline resistance and the 20 day average, a reaction would encounter support at 1680. Resistance is estimated above 1700.

Commodity Trading Strategy: Flat

LEVELS: 1635 1657 1680 1703 1723 1731

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3324-0.0001-0.01%
    USDSGD=X
    1.4462-0.0013-0.09%
    EURSGD=X
    2.0194-0.0034-0.17%
    GBPSGD=X
    89.4641+0.2446+0.27%
    SGDJPY=X
    5.8167+0.0005+0.01%
    SGDHKD=X
    2.6736-0.0086-0.32%
    SGDMYR=X
    9,736.1943+17.6182+0.18%
    SGDIDR=X
    4.6559+0.0067+0.14%
    SGDCNY=X
    1.0404-0.0017-0.16%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,181.40+5.40+0.46%
    GCQ15.CMX
    15.76+0.12+0.76%
    SIK15.CMX
    69.95-0.68-0.96%
    ^XAU
    2.740.00-0.11%
    HGK15.CMX
    56.95-0.20-0.35%
    CLM15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.32-0.03
    ^FVX
    1.92-0.03
    ^TNX
    2.62-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.85+0.01+1.19%
    N21.SI
    0.290.00-1.69%
    5WA.SI
    0.430.000.00%
    E5H.SI
    0.220.00-2.22%
    5GB.SI
    1.19+0.04+3.03%
    N03.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.195+0.042+27.45%
    W12.SI
    0.12+0.01+11.11%
    E6R.SI
    0.22+0.02+10.00%
    D38.SI
    0.41+0.03+6.49%
    TI6.SI
    0.35+0.03+7.69%
    41C.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.355-0.095-21.11%
    UV1.SI
    0.115-0.015-11.54%
    O2I.SI
    0.505-0.065-11.40%
    D11.SI
    0.109-0.012-9.92%
    5PO.SI
    0.199-0.021-9.55%
    AFC.SI