Finally, we are looking at the same
spot Gold chart as above, except this time we are looking at it from the viewpoint of an unfortunately lost trader who is trying to trade against the trend.
In the daily
spot Gold chart below, we can see an obvious fakey with pin bar combo setup formed on October 15th.
Not exact matches
First, the
gold spot price, as displayed in this
chart, is the current market price for a raw ounce of unrefined
gold bullion.
The
chart below is the XAUDUSD daily
chart, or the
spot Gold market.
The
chart below shows the ratio of
spot gold prices to the XAU.
Without even looking at a
chart, I can tell you one of the best things about trading a
Gold ETF or the spot gold futures is that the shiny yellow metal is typically not closely tied to the day to day movement in the stock mar
Gold ETF or the
spot gold futures is that the shiny yellow metal is typically not closely tied to the day to day movement in the stock mar
gold futures is that the shiny yellow metal is typically not closely tied to the day to day movement in the stock market.
The first
chart shows
Spot Gold getting a bounce off the 1140 level in mid March and hitting resistance in the 1220 area twice now.
One of the most reliable
charts to monitor when trading
gold ETFs,
spot gold futures, or even physical
gold coins, is the US Dollar Index ETF ($ UUP).
The inside bar custom indicator is applied to the
chart to aid us
spot the 2 - bar price pattern (inside bar) more efficiently (denoted by the
gold bars seen on the
chart).
The inside bar custom indicator is put in use to help us
spot the 2 - bar price pattern (inside bar) more efficiently (represented by the
gold bars seen on the
chart).
The
chart below is the XAUDUSD daily
chart, or the
spot Gold market.
In the example
chart below we have the daily XAUUSD (
spot gold)
chart showing about the last 4 months of data.
The
chart below shows the ratio of
spot gold prices to the XAU.
In the next
chart below, we can see the daily
spot Gold market earlier this year.
The
spot Gold market rotated up to the key level near 1250.00 last week but failed to maintain itself above it, creating a false break / pin bar on the weekly
chart that could trigger a resumption of the recent downtrend in this market.