Tag: chart of the week

Chart of The Week - Silver

Posted on by The INO.com Team

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

In the May 2014 Silver (or Mini Silver) futures, a recent up-trend has consolidated just above the $21.500 level over the past seven trading sessions. Equity markets have been weighed down by a round of profit-taking in the initial morning hours, giving way to strong upside potential in the precious metals markets.

Yesterday's trading session, February 25, 2014, provided an outside reversal on the daily chart. The market failed on a downside move, reversed, and closed above the high at $22.030. This price action is a bullish near-term indicator. Continue reading "Chart of The Week - Silver" →

Gold Chart of the Week

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (10-8 through 10-12)

We begin this week at the bottom end of a three week range in December Gold futures. Since Thursdays test of the early March high near $1800, we have settled back almost thirty dollars an ounce on Columbus Day in the Unites States. Bonds will be closed today, while equities and other markets will be trading on lighter volume.

After the United States reported Non-Farm Payrolls on Friday, the sentiment in the markets overall has been mixed. The number sent many futures contracts rallying to chart resistance Friday, only to run into profit taking shortly thereafter. It is clear that NFP takes a back seat to the continued worries in Europe. Continue reading "Gold Chart of the Week" →

Gold Chart of the Week

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (September 10 through September 14)

As we begin the last of a three week stretch of policy statements from the United States and Europe, the Precious Metals maintain their upward bias.

December Gold futures rallied to another new high overnight, as traders continue to price in last week’s news from Europe and anticipated bullish news from the US FED this Thursday. Continue reading "Gold Chart of the Week" →

Gold Chart of the Week

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Review (09-04-2012)

 As anticipated, last week began with a choppy-to-lower trade in the Gold market after the prior week’s strength. It was expected that there would be an early hangover in the trade after Gold futures broke above the second wedge pattern (as seen on the chart provided) and awaited news from the Jackson Hole Symposium. While the last two years provided dependable, long term programs to base trades from (QE2 in 2010 and Operation Twist in 2011), this year was far less exciting.

Any trader that was involved in the markets last week, especially in the Precious Metals, has already read through Ben Bernanke’s speech, so there is no reason to repeat every word in this article. In short, there were no major changes in policy announced from Jackson Hole, but the FED continues to monitor the markets and stands ready to act if deemed necessary. Sound familiar? Continue reading "Gold Chart of the Week" →

Gold Chart of the Week

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

WEEKLY GOLD SERIES (August 27-August 31)

After three months of a painfully rangy trade, Gold Bugs were finally rewarded for their patience. Last week, after December Futures traded above $1630, the technical buy was on. Not only did the futures price test the 200 day moving average (what I suspected would be the short term target), it traded straight through before finally topping out over twenty dollars an ounce higher!  Furthermore, we begin this week with Gold printing another new high overnight.

It seemed last week that Gold prices were once again trading the fundamentals that once dictated direction. Here are a few factors that were baked into last week’s rally: Continue reading "Gold Chart of the Week" →