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Here are three technical papers, all from professionals that I follow. One is a recent update from the article Fully re-posted from their 2017 Outlook.
As the UBS boys stipulate, Gold is at a critical juncture on the weekly chart, an opinion shared by the other European analyst. My friend also sees the same junction, and while waiting for a resolution he does say that an upturn and upside extension by gold from these levels (mid-range on the momentum studies) could be dynamic.
Personally, I’m nervous as a long-tailed cat in a room full of rocking chairs! The three most reliable technical programs I run show a Close Below 1258 in December ’17 Comex would be quite bearish – unless it’s quickly reversed.
UBS – Technical Weekly – US Equities, Energies & Precious Metals 05-23-17
CommerzBank – Bullion Weekly Technicals 05-31-2017
Gold – Comex Daily Continuation 05-31-17
Thank you very much Boobooman.
These reports are so well researched and put together.
Much appreciated
Thanks BBM for posting these reports. Interesting.
With risk of getting beat up here now, my reaction to it was that if this is the best “the professionals” have to put in these reports and offer their customers, I am stunned.
Graddhy,
I know for a fact that in my friend’s case this “isn’t the best” he has to offer. The daily chart he posted was only a brief comment; below you’ll find one of his more focused commentaries on Gold.
https://goldtadise.com/wp-content/uploads/2017/06/TechFocus-Weekly-Gold-05-16-17.pdf
And when you make a call as he did back in February 2009 on the SPX, then I’ll take your criticism to heart.
https://goldtadise.com/wp-content/uploads/2017/06/Smith-Barney-Technical-Focus-SP-500-02-26-09-.pdf
BBM,
I did not mean to critize, neither report nor person, absolutely not.
I was just very surprised. And still am having looked at those two other doc.
Again, thanks for posting it.