by Bill Downey     Price Analysis of Gold and Silver
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Technical Analysis Trading Gold, Trading Silver/ analysis By Bill Downey providing key turning points & charts for investors and speculators in Precious Metals Trading, and Precious Metals Markets

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Bill Downey, of Gold Trends.net, LLC, is an Independent Investment Analyst with over twenty years of study. YOU SHOULD NOT TAKE ANY MATERIAL posted on this WEBSITE AS RECOMMENDATIONS TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED. Do your own due diligence. No one knows tomorrow's price or circumstance. The author intends to portray his thoughts and ideas on the subject which may s be used as a tool for the reader. GoldTrends does not accept responsibility for being incorrect in its speculations on market trend or key turning points that it may discuss since they are at best a calculated analysis based on historical price observations.

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 Identifying Optimum Trends and Turning Points of the

21st Century Gold Market

Happy Thanksgiving USA -- Markets closed on Thursday

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November 27 2014

Gold and the long term favored price point

Due to the Thanksgiving Holiday in USA on Thursday, there is almost no action at all in gold. There really is no change from yesterday. Let’s take this opportunity to look at the long term channel lines of gold.

What is different from a channel line as opposed to other technical tools?

The most important factor is that the lines (for the most part) are set by the market price and not a random factor.

True a Channelist has to draw the lines but that is like a mechanic. If you have someone who knows not the guidelines for channel construction, (or vehicle diagnosis) you stand the chance of receiving irrelevant information. I think we can say it is one of the least ARBITRARY technical tools because the market (for the most part) sets the geometry for the channel lines.

If we really think about it, channel lines are nothing more than the “MOMEMTUM SLOPE” of a trend (be it down or up). The upper line being the maximum trajectory and the lower being the minimum. Another way to look at it’s like a Bollinger Band without humans picking the # of units in which to set the measurement.  

Read more... 

Gold Long Term Channel line and most likely low point in price











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Technical Analysis :: Gold & Silver

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