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Ofrecemos a nuestros clientes privados e institucionales la posibilidad de operar con divisas e inversiones gestionadas de forma alternativa. Nuestros productos y servicios son el complemento ideal para todos los gestores de activos que desean expandirse y diversificarse en esta gratificante área.

Nuestro amplio conocimiento de los mercados financieros y de las economías nos permite lograr resultados sobresalientes para usted.
Daniel Schwoerer
Daniel Schwoerer
Gold Prices Consolidation Forming Bearish Continuation Pattern

Gold prices have been stuck in neutral since early April as it consolidates near 1300. The GLD ETF fell below 124 in early April and bouncing off the 50-62% retracement few times. A lower high formed in early May and a descending triangle could be taking shape now. This is a bearish continuation pattern and a break below the April lows would signal a continuation of the March decline.
The May highs mark a resistance zone in the 126-127 area.

A break above this zone is needed to negate the descending triangle and turn bullish on bullion. Gold needs to break 1320 to get some upside traction.

The 50-day moving average on the GLD is poised to close below the 200-day moving average, which is referred to as the death cross. When this occurs, a long term trend is considered in place and gold prices will likely continue to trend lower.

The Bollinger band width, which is calculated by subtracting the Bollinger band high (two standard deviations above the 20-day moving average) from the Bollinger band low (two standard deviations below the 20-day moving average). The end product is a representation of historical volatility as it shows that net standard deviation of the GLD time series. The low levels of historical volatility reflect the current consolidation in gold prices and reflects that prices could quickly jump with a new catalyst.

The Silver ETF (SLV) fell back to the December-January lows at the end of April and then moved into a tight consolidation. The Bollinger band width indicator has been below 5% for most of the last five weeks. Even though this volatility contraction is occurring near support, the trend since late February is clearly down. A move above this level would exceed the upper band and break the late April high. Such a breakout would suggest a successful support test and reverse the 12-week downtrend.

http://www.finances.com/analyses-and-opinions/analysis-opinions/5871-gold-prices-consolidation-forming-bearish-continuation-pattern.htm#
Daniel Schwoerer
Daniel Schwoerer
WE WISH YOU A MERRY X-MAS AND A HAPPY NEW YEAR

Trading will be paused from 20.12.2013 until 06.01.2014
Daniel Schwoerer
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