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
    1.4234+0.0072+0.51%
    USDSGD=X
    1.5855+0.0104+0.66%
    EURSGD=X
    2.1636+0.0033+0.15%
    GBPSGD=X
    83.5558-1.235-1.46%
    SGDJPY=X
    5.4443-0.028-0.51%
    SGDHKD=X
    3.0146+0.021+0.70%
    SGDMYR=X
    9,945.4277-155.2275-1.54%
    SGDIDR=X
    4.4670-0.0209-0.47%
    SGDCNY=X
    0.9846-0.0084-0.85%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,120.20-4.30-0.38%
    GCZ15.CMX
    14.55-0.16-1.07%
    SIZ15.CMX
    44.34-1.28-2.81%
    ^XAU
    2.32-0.07-2.83%
    HGZ15.CMX
    46.28-0.47-1.01%
    CLV15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.47-0.02
    ^FVX
    2.13-0.04
    ^TNX
    2.89-0.06
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.130.00-1.52%
    5DN.SI
    0.32+0.01+3.23%
    5WA.SI
    2.04-0.09-4.23%
    MC0.SI
    0.148-0.004-2.63%
    F13.SI
    3.69-0.01-0.27%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.128+0.016+14.29%
    40U.SI
    0.29+0.03+11.54%
    AYD.SI
    0.33+0.03+10.00%
    MV4.SI
    1.25+0.10+8.70%
    AYB.SI
    0.38+0.03+8.57%
    IX2.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.32-0.13-28.89%
    K1Q.SI
    0.161-0.044-21.46%
    L02.SI
    7.40-1.60-17.78%
    S07.SI
    0.245-0.025-9.26%
    S71.SI
    0.109-0.010-8.40%
    5I3.SI