by Drew Shaw The moving average convergence-divergence oscillator, or more commonly referred to by its acronym “MACD,” is a well-known buy/sell indicator frequently used by technical analysts. Due to the popularity of this particular indicator among traders, I strongly suggest that you take a few minutes to understand its mechanics. The MACD oscillates above and [...]

by Dennis Cajigas Moving Average Convergence/Divergence, otherwise known as MACD, was created by Gerald Appel in the 1960s as a way to analyze market momentum and strength. While it fell out of favor in the early 1980s, it experienced a resurgence of popularity with the development of the MACD histogram by Thomas Aspey in 1986. [...]

Head-and-Shoulders Pattern Forms in Gold by Mike Marshall After the recent uptrend, the gold market has met stiff resistance above $1,000 an ounce and has traded its way into a head-and-shoulders reversal pattern. With the top of the head around $1,010 and the neckline near $890, a head-and-shoulders reversal projects a move down to $770 [...]