Top Investment Trends For 2013: Gold
AAA
  1. Top Investment Trends For 2013: Introduction
  2. Top Investment Trends For 2013: Technology
  3. Top Investment Trends For 2013: Emerging Markets
  4. Top Investment Trends For 2013: Gold
  5. Top Investment Trends For 2013: Conclusion
Top Investment Trends For 2013: Gold

Top Investment Trends For 2013: Gold

The breakout of a triangle pattern in 2012 indicates a bullish year for gold in 2013. Triangles are traditionally continuation patterns, and the upside breakout indicates it is quite likely there is another higher wave already underway in gold. Based on the dimensions of the triangle, the long-term target is $2,080 for gold futures. Most of this advance is likely to occur in 2013.

Gold futures chart for December.
Figure 6: December gold futures chart.
Image Courtesy:thinkorswim


In the meantime, $1,800 has posed a significant resistance. The price will need to get through that area before the target can be reached. An inability to clear resistance and a drop below $1,523 indicates the price is likely to slide lower.

Gold is also tradable through the SPDR Gold Trust (ARCA:GLD). The target for the ETF based on the triangle is $195. A drop below $148.25 is bearish and indicates a potential longer term decline into the $113 region. Resistance is between $175.46 and $174.

Top Investment Trends For 2013: Conclusion

  1. Top Investment Trends For 2013: Introduction
  2. Top Investment Trends For 2013: Technology
  3. Top Investment Trends For 2013: Emerging Markets
  4. Top Investment Trends For 2013: Gold
  5. Top Investment Trends For 2013: Conclusion
Top Investment Trends For 2013: Gold
RELATED TERMS
  1. Mass Index

    A form of technical analysis that looks at the range between ...
  2. Money Flow Index - MFI

    A momentum indicator that uses a stock’s price and volume to ...
  3. On-Balance Volume (OBV)

    A momentum indicator that uses volume flow to predict changes ...
  4. Negative Volume Index - NVI

    A technical indicator that relies on changes in a security’s ...
  5. Accumulation/Distribution

    An indicator that tracks the relationship between volume and ...
  6. Force Index

    The Force Index is an oscillator that fluctuates above and below ...
  1. How is accumulation area calculated?

    Explore the use of accumulation areas in the analysis of traded securities. Learn about on-balance volume and its role in ...
  2. How is the Accumulative Swing Index calculated?

    Learn how the accumulative swing index is calculated using swing index. Explore absolute value and how it is used in the ...
  3. What are the differences between a bar chart and candle sticks?

    Explore the difference between bar and candlestick charts. Learn how technical analysts use charts in the analysis of supply ...
  4. What are the best indicators for evaluating technology stocks?

    Technology stocks are often some of the most discussed stocks on the news. How can investors spot the company that will roll ...
Related Tutorials
  1. Introduction to Stock Trader Types
    Active Trading Fundamentals

    Introduction to Stock Trader Types

  2. Guide to Pairs Trading
    Trading Strategies

    Guide to Pairs Trading

  3. Key Ratios For Analyzing Oil And Gas Stocks
    Trading Strategies

    Key Ratios For Analyzing Oil And Gas Stocks

  4. Automated Trading with MultiCharts
    Trading Systems & Software

    Automated Trading with MultiCharts

  5. Introduction To Order Types
    Trading Strategies

    Introduction To Order Types

Trading Center