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Full Version: What Charting Tools Do You Use To Trade Gold?
House Price Crash forum > Investment > Gold and other precious metals
sell2rent
Any recommendations?
Fortune
I use tea leaves and the pubic hair of an ox, personally.
Bart of Darkness
QUOTE (Fortune @ Jan 21 2008, 09:50 AM) *
I use tea leaves and the pubic hair of an ox, personally.

If you're making a cuppa I'll just have a coffee please.
Steve Netwriter
Because I can look at the gold price in US$, GBP, Yen etc, I tend to look at this one:

http://www.bullionvault.com/gold-price-chart.do

And IMO you do gain some insight by looking at the gold price in more than just US$.
Steve
sell2rent
Something that gave an indication of volume (which is difficult with all the ways to buy/sell it?) would be nice.

Yesterday was easy enough, just buying at 850 and selling again at 875 made up for a few days of my losses on my Japanese shares and smaller FTSE and BP holdings. I should have held it, but it settled at 875 for a while after the rate cut and the Dow was starting to go down, and I had a larger position on Gold than I wanted from when it dipped to 850.
Steve Netwriter
OK, this one has the COT on it:
http://www.timingcharts.com/index.php

Not live, but a lot of detailed info from Jim:
http://www.jsmineset.com/

eg the latest: http://www.jsmineset.com/cwsimages/Miscfil...ld1230pmCST.pdf

Check back through the previous pdf files and you'll find tons of gold etc. All very insightfull IMO smile.gif
Red Kharma
Trader Dan (Norcini) on jsmineset.com does excellent price analysis.

As he explains, the "usual" buy/sell indicators don't always apply with gold due to its rather unique status, although I have found that standard overbought/oversold and movement/direction indicators are still very useful.

Try stockcharts.com $gold and use RSI, moving averages, MACD indicators. I also like ADX. Be careful though since using confirmational indicators will tend to tell you the same thing, just in different ways.

But for daily and weekly charts stockcharts is fine.

For intraday you will need to use a proprietary charting package via your dealer or broker that provides the same indicators.

As noted above, the difficulty also is in the various different "forms" of gold, which does complicate matters a tad.

Good luck


sell2rent
Thanks!
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