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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: bill who wrote (32653)	4/27/1999 6:40:00 PM
From: sea_urchin	Read Replies (3) \| Respond to of 116758

bill : Yes, it can be interpreted that way. The support line is the bottom and the resistance line is the top line joining the bumps. You can see that the last bump jumped right through the resistance line. That's why it's bullish. The graph also went through the 200 day moving average (which may or may not be bullish --- depends what happens) The stochastics are very slow, moving average differences which reveal cyclical behaviour. The turns are when the red and blue lines cross at either above 80 or below 20. You can see they are just crossing upwards now. That's also bullish. If you're new to TA, buy this book amazon.com The XAU is the Philadelphia gold, silver and whatnot index. To find out the ingredients and the exact proportions you must ask Hutch. From a fundamental point of view, I have just heard that the European Central Bank is concerned about the Euro dropping 10% against the dollar. Which means they may do something to strengthen it. When the European currencies (and the yen) get stronger, the dollar gets weaker (it's a see-saw). When the dollar gets weaker, that's good for gold. Now you know everything. PS. Do you know, I have the book and I didn't know there was a CD inside until now!