Editorial,

L’or n’a pas profité des turbulences observées sur les marchés boursiers. Peut-être que les prochaines statistiques des banques centrales vont faire apparaître une diminution des stocks. Notre analyse pour le court terme va dans ce sens.

  

Cours de l’or

 

 

Le texte suivant est traduisible à l’aide de Yahoo Babelfish.

 

Long term: towards MQ (614)?

On a quarterly basis, the pattern is a bullish parallels one. The dynamic for our 7 / 23 quarters moving averages is and will stay strong. PQ failed as a support.  Since the end of September, a weak bearish divergence with our stochastic is in progress. MQ (614) is our main target if MM (803, at the end of the month) fails as a support.

On a monthly basis, a bullish parallels pattern began in October 2005. PM crossed MM. With our stochastic, a bearish non-crossover is in progress. As long as this pattern is in progress, MM could fail as a support.

Idea: as long as our monthly M23 is up, a monthly rise could resume.

 

Medium term: without trend

On a weekly basis, the spread UW / LW is maximal and Bollinger Bands will be without trend. Our stochastic is our main tool. Its status was a weak bullish non-crossover. MW (875) is our first resistance and UD (917) is the main one. LW (775) is a strong support.

Idea: nothing to do.

 

 

Short term: neutral

On a daily basis, the spread UD / LD is not maximal and could increase with a close below LD. With our 7 /23 days moving averages a nice A type bear trend will develop this week. Stochastic and MACD are overbought. MD (873.7) is our main resistance and LW (775.6) is our main support.

Idea: a bearish pre-parallel pattern could develop.

 

Conclusion: no opportunity.