Technical Analysis Basis

2.  Technical Analysis In Gold Trading.
 About Technical Analysis.
 Trade Gold Prices Successfully with
Technical Analysis.
 Gold Technical News & Analysis.
 Gold Price & Chart

3.  Technical analysis is based on 3 factors
common when trading the Gold price
charts.
 These 3 common factors when it comes
to the Gold trading market are:
 Prices Move in Trends
 Price Action Discounts Everything
 History Tends to Repeat Itself When it
Comes to Price Moves

4.  Gold price movements follow trends - a trend is a
general price direction either upward or downward.
 When it comes to Gold the prices of Gold follows
trends and this means that once a trend in a
particular direction is formed then prices keep
moving in that direction for a period of time and the
future movement of price is likely to be in the same
direction as that of the Gold price trend than for it to
be against it.
 Most of the Gold trading strategies are based around
this concept.
 Therefore technical analysis in Gold will be the study
of how to determine this market trend in order to
know which direction the prices of Gold are likely to
move next and therefore help the trader to know
which side of the trade to take.

5.  When it comes to technical analysis, the only
factor considered in this analysis is the price
movement or what is commonly referred to
as price action.
 Technical analysis study assumes that at any
one given time, the price of Gold reflects
everything that has or could affect the
movement of the Gold prices.
 This technical analysis therefore only studies
the price action - which is the product of
Supply and Demand of Gold.

6.  History tends to repeat itself mainly in the
patterns of the price action.
 This repetitive nature of the price patterns is
attributed to investor psychology.
 This is because the traders participating in the
trading of Gold tend to provide a consistent
reaction to the market for most of the times.
 Technical analysis study uses these price
patterns that are commonly referred to as chart
patterns to analyze the movement of Gold
prices.
 Although the chart patterns represent historical
data these patterns are still relevant because
they show patterns that often repeat
themselves.

7.  With so many investors and traders using the same
technical analysis tools, the technical analysis becomes a
self fulfilling prophecy.
 This is because if so many investors use the same level as a
buying point.
 The Gold price then moves upwards as everyone makes
similar moves at the same time.
 When it comes to analyzing this Gold prices, the Gold
charts are used together with technical indicators to look
for patterns that have occurred in the past under certain
conditions.
 When these chart patterns are noted again under similar
conditions then traders can use these setups to determine
whether to open buy or sell trades - and traders will be
making trading decisions with increased probabilities of
success because these trade setups have happened before,
and made price to move in a particular direction - and
traders can trade based on the same setup as before.

8.  Gold prices will always follow a trend that can be
identified by looking at the price patterns of Gold
prices.
 "The trend is Your Friend" is a popular saying among
investors and traders because following trends when
trading chart patterns is the most consistent method
of making profits when trading Gold and other
financial instruments, as a trader, never go against
the trend.
 The market forces of supply and demand for Gold will
drive the prices of Gold up or down depending on the
prevailing factors.
 The market not only shows the history of the past
prices, but will also follow the trend that was in
place until its direction reverses.
 Traders can use technical indicators such as the
moving averages, Bollinger bands or trend lines
technical analysis tools and indicators to help them
determine the current market trend direction.

9.  Rising US Treasury yields to pressure XAU/USD
once again – OCBC.
 Falling yields and dollar support gold’s rise.
 XAU/USD struggles for direction, stuck in a
range around $1,770 level.
 Gold was seen oscillating in a narrow trading
band through the Asian session on Tuesday.
 COVID-19 jitters, sustained USD selling
continued lending some support to the
commodity.
 The risk-on mood, uptick in the US bond yields
helped limit any deeper losses for the metal.

10.  XAU/USD set to extend its corrective
decline towards $1760-55.
 Gold Price Prediction: Sideways Trading
Range Breakout, Quick Update on Sell Signal!

13. Technical Analysis Basis:
Technical Analysis In
Gold Trading

14. THANKS FOR LISTENING
TECHNICAL ANALYSIS IN
GOLD TRADING