Homepage / Bullion News & Charts Archives: Quarterly Precious Metals Charts & News

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Quarterly Precious Metals
Charts & News
Reports

In any market, an investor should know as much as possible about an investment before deciding to get into or out of the investment.

Directly below the list of quarterly links, you will find an explanation of each technical indicator you'll find in the quarterly charts that investors use that help them decide the direction of their investments money.

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Quarterly Precious Metals
Charts & News

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Common Chart Knowledge

Below you'll find some common knowledge to help you better understand how to read price charts.

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Candlestick Charts

Candlestick Charts are used on all of the guide's quarterly pages.

A Candlestick chart is a chart that displays the high, low, opening and closing prices for an investment. 

Candlesticks can be measured in minutes, hours, days or week by week and month by month.

All of the charts on the quarterly pages are daily candlestick charts, meaning that every "Candlestick" represents, one day.

The graphic to the right is a diagram of how to read each area of a positive or negative candlestick represents.

The wide part of the candlestick is called the "real body." 

The top and bottom of each candlestick indicates the opening or closing price, depending if it was a negative or positive movement, that day.

The extended line above or under each candlestick is called the "shadow."  Shadows show the priced items high and low.

Candlestick shapes range in size and are determined on the price movement.

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Moving Averages

Moving averages are trend lines that indicated the average price movement of any given price chart. 

The moving averages that the guide uses are called Simple Moving Average (SMA), because they are simple to calculate, compared to Exponential Moving Average (EMA) which are not.

The duration of the moving average determines how close it follows the chart in relation to the price. 

A moving average averages the past price of the investment by a certain amount of days or a set amount of time.

For instance, on all of the quarterly pages, the guide uses 200day moving average (200MA) and the 50day moving average (50MA), both of these averages are "Simple Moving Averages" (SMA).

If you look at the Gold price chart below, you will notice that the 50MA moves closer in relation to the price of gold than the 200MA. 

This is because the 50MA is averaging the sum of the past 50 days in the price of gold by 50. 

As the amount of time in the moving average number gets smaller the tighter the line will hug the price chart.

Whereas the opposite is true, when you are using a higher number in the moving average, the trend line will move further away from the current price.

Furthermore, as the lines move on the chart and start to come together to cross, they will form either a Death Cross or a Golden Cross

To Learn More about Moving Averages - Go to this StockCharts.com page defining: Simple and Exponential Moving Averages

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Golden Cross / Death Cross

When Moving averages cross, technical analysts call these actions a Golden Cross or a Death Cross.

A Golden Cross is a bullish indicator, they happen when a Shorter Moving Average (50MA) crosses over and above a Longer Moving Average (200MA).

Whereas a Death Cross is a bearish indicator, they happen when a shorter moving average (50MA) crosses below a longer moving average (200MA)

The guide points out these indicators in the quarterly charts, however, as you will see they can be deceiving as to the direction of the price of a precious metal and they don't always pan out as expected.

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RSI - Relative Strength Index

The Relative Strength Index is a very easy indicator to use when trying to forecast price action. 

The RSI is a technical momentum indicator that compares recent gains to recent losses in an attempt to determine overbought and oversold conditions of an investment.

As you can see from the chart above, when the RSI indicator registers above 70, the price of the investment is overbought and when the RSI is below 30, the price of an investment is oversold.

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MACD -
Moving Average Convergence/Divergence
Oscillator

MACD can be pronounced as “Mac-D”

The MACD (Black Line) is calculated by subtracting the 26day EMA
(exponential moving average) from the 12day EMA.

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The red line called the "signal line", is a 9 day EMA, functioning as a signal to buy or to sell.

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The MACD Histogram represents the difference between MACD Black Line and Red Signal line.

The MACD Histogram starts from the "Centerline" known as the "Zero-line."

When the histogram is above the Zero-Line it shows a buy signal and when it is below the Zero-Line it indicates a sell signal.

To Learn More about the MACD and how to read its Moving Averages - Go to StockCharts.com page defining: MACD - Moving Average Convergence/Divergence Oscillator

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Trend-lines -
Support & Resistance Price Levels

Trend Lines are an easy tool to use in technical chart analysis for both trend identification and confirmation.

A trend line is a straight line that connects two or more price point.

In the chart below, trend lines can be drawn on virtually any chart, you not only can find trend-lines on a price chart, you can also find trend-lines in both the MACD, RSI and other chart indicators.

To Learn More about Trend Lines - Go to this StockCharts.com page defining: Trend Lines

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Support Price Levels

Support Price Levels develop after a price has tested a level more than once, and bounced above it each time it happened.

As you can see in the Gold price chart below, from mid-2010 through to the first quarter of 2013, the price of gold repeatedly touched the $1,525.00 price level and moved upwards, each time it happened. 

After this action occurred more than once, this action in price created a Support Price Level.

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Resistance Price Levels

Resistance Price levels are created when a Support price level has been broken.

In the chart below of the 2nd Quarter of 2013, the price of gold collapsed under its support level of $1525, making this level a Resistance Price Level for Gold.

Furthermore, in the chart, you can see that this resistance level is confirmed when Gold's price tries to come back up to this level, in the quarter but was unable to break its new Resistance Price Level.

A reverse in the above action is also true when gold's price breaks the $1525.00 level, this price will again become a support price level.

To Learn More about Trend Lines - Go to this StockCharts.com page defining: Trend Lines

Quarterly Precious Metals Charts & News

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