Technical Market Research and Investor Coaching

Delivering technical research of the financial markets
and offering professional guidance for those who wish to improve their trading performance.

Chart Patterns


Pattern Description:

The rectangle pattern consists of two horizontal trend lines containing market activity. As long as prices remain within the pattern, volume tends to be erratic to low. A break out of the pattern which generally follows the direction of the prevailing trend, is accompanied by a rise in volume.

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How to use Option Watch in XENITH

Kelly Clement shows how to use Option Watch in XENITH Real-Time Market Data and News.

Featured Article

Modern Monetary Theory - Debt without Regret?

by Tobias Straumann
We live in a crazy world. On the one hand, we can observe how the central bank balance sheets are getting bigger and bigger, the national debt exploding and the interest rates hardly move any more. On the other hand, we have noticed that in the midst of the crisis, share prices are skyrocketing, banks are producing excellent annual financial statements and real estate prices are continuing to rise in some places. The question arises: how long can this go on? Put simply, there are three answers:...

Technical Review

Gold/US$ - Further downward pressure likely

2024-05-23 by Tim Straiton

The current price of gold is 2369 and trading well under the daily pivot point of 2400. The 14 day relative strength index is at 55% and showing clear bearish divergence.

The volatility weighted MACD is also showing bearish divergence. The current price is 12.75% above the rising 200 day moving average of 2066. Fibonacci downside projection levels based on the 2425 to 2285 range traded since the end of April 2024 are 2234 (38.2%) and 2200 (61.8%).


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