Thursday, July 02, 2009

3 Techical Indicators for Gold...That Don't Look Good

Nice dive into the current technicals of gold by commodity expert Brad Zigler at Hard Assets Investor. Brad takes a look at Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and good old fashioned Volume.

Down to earth explanations of these indicators can be tough to come by, but this piece will give you the low down in plain, easy to understand English.

Incidentally, all three indicators seem to be hinting that the near term direction for gold could be down.

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