Spot Gold Moves and MACD Indicator Video

by Elena Morozova
(Commodity Trading Today)

This excellent video by Adam Hewison shows interesting moves in spot gold prices with reference to using the MACD technical analysis indicator and how the yellow metal is likely to perform going forward.

Adam demonstrates in a clear way how the use of MACD, which he learnt directly from its creator Gerald Appel, in conjunction with other key indicators such as the Trade Triangle Technology, combine to give commodity traders a clearer picture of the developing trends in the price action of gold.

Clearly, at such a trying time for leaders of all economies across the globe as well as for traders in all markets, the need for a system to give some structure to trading decisions is important.

While some are concerned about the build up of conditions conducive to much higher inflation, others say that the wealth and demand destruction will continue and dwarf the billions, or indeed trillions that the US Government is pumping into the financial system.

Those who fear inflation because of the extra trillions of paper money sloshing around in the global economy fear the rise of hyperinflation and so see future security in gold, and so expect the price to rise towards $1,000 and then further.

Then the deflationists are still expecting the deleveraging to reduce the money supply and cause prices to crater, and see gold as heading south.

Whichever of the above group you see yourself in, I am sure you will enjoy this interesting and thoughtful gold educational video.

Enjoy!