Analyse technique de l'or

Gold Market Update By : Clive Maund CliveMaund.com ¤----¤ In the last update we suspected that oil might be forming a Double Top with its June highs, and while the resistance towards and at these highs has since kept the price of oil in check, we have not seen the significant reaction expected. Instead, what has happened is that the potential Double Top has morphed into what now looks increasingly like an Ascending Triangle, which is bullish, and this pattern is now well advanced, pointing to an imminent upside breakout. We had a stop above our oil short just above the June highs, and depending on how close you set it you may already have been stopped out when oil tried to break above the resistance in the vicinity of the highs during August. If you were not stopped out you now have 2 choices - one is to reverse position immediately and go long, which will involve a minor loss, probably the best course of action as upside breakout looks highly probable, placing a stop beneath the support line of the Triangle, which would get you out for a small loss if the trade does not work out. The other option is to allow yourself to get stopped out in the event of upside breakout and simultaneously reverse position. This option has the advantage that a new uptrend is more assured, but the disadvantage that it is more costly. We prefer the first option due to an upside breakout now lo...

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