Daily FNArena News - Technicals

The Chartist suggests the gold price has set itself up for a short-term pullback while the longer term uptrend remains in place.

Michael Gable of Fairmont Equities suggests Newcrest Mining can push further ahead before reassessment is needed.

Michael Gable of Fairmont Equities suggests Goodman Group represents a buying opportunity for longer term investors but remains bond yield dependent.

Michael Gable of Fairmont Equities notes WiseTech Global has consolidated its losses and now appears to be breaking to the upside.

Michael Gable of Fairmont Equities notes the ASX200 can pull back further before upsetting the longer term uptrend.

The Chartist remains long the S&P500 but the chart is suggesting potential to move either way.

Michael Gable of Fairmont Equities suggests an index pullback would not upset the uptrend, while Commonwealth Bank is providing a buying opportunity.

Michael Gable of Fairmont Equities suggests higher highs are coming for the Fortescue Metals’ share price.

Michael Gable of Fairmont Equities suggests Altium shares are ready to set a new all-time high.

The Chartist continues to believe in overall buyer interest in gold, but there remains a risk of a break-down.