Gold – Long, Medium and Short Term Analysis

There is presently no excitement about gold. Gold Monthly Chart Take a look at the monthly chart: First, look at the channel that has been formed over the past 20 months or so. Gold has continued to trend downwards within this channel. The ADX indicator is firmly bearish, with the -DI line above the +DI line. However, the ADX line itself, has been working its way down from a strong … [Read more...]