I analyze the gold market by using monthly, weekly, and daily charts. I then look at what the moving averages are doing with stochastic studies and either window envelopes or Bollinger Bands… The 18 day moving average… is my 'Bell Weather' moving average. When the market is above it, I am bullish, when the market is below it, I am bearish… Fibonacci retracement levels are taken from finding a high to a low point, or a low to a high point and then dividing the market into quadrants. I use those quadrants to find support and resistance lines in the markets. History shows that this type of analysis has merit. When all of this is put together an analysis is made.
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
- Business, Management and Accounting(all)