Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.

All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.

Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).

Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.

Romanian Market. This is a section dedicated to Romanian stocks and indices.

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Thursday, December 29, 2011

Gold weekly

The breakdown of the uptrend on gold seems to play out. Let`s see just how much pain bulls can endure.
With the quarterly option expiration  coming tomorow, we might see some wild moves.This will be a welcomed pause for a few days, since end of year combined with option expiration is not a comfortable trading environment for me.
Happy New Year Everyone....

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