Track Gold Coin Investing With Technical Chart Information Directly At GoldCoin.net

February 15, 2010 – Tracking gold coin investing with technical charts can be an extremely useful way to find entry and exit points for your purchases. There are a large number of available charts that track movement, trends and reactions to assets such as currency, oil, silver and others. These charts can all have benefits, but for now we will focus on moving averages.

A moving average is exactly what it sounds like; each new point on a chart is the accumulation of a specific number of days’ prices. Some investors will use seven-day, some prefer fourteen-day averages, while others look to 30-day, 60-day, 100-day or even 200-day charts. The charts can react differently because of the time frame involved, meaning that combo charts can also help get different perspectives.

Short-term charts like a fourteen-day moving average can allow gold coin investors to see a smoother graph that indicates changes associated with daily volatility. 100 and 200-day moving averages provide a chart that typically has very gradual sloping and gives a better indication of long-term trends. For example a current combo chart with both 14 and 200-day averages would indicate a number of possible conclusions. When charted for the past year, the 14-day average shows distinct highs in February, March and December, with each having a secondary peak that followed about a month later. The 200-day chart on the other hand shows a trend that has continued to rise since last May.

Long and short-term gold coins investors can use charts like these in different ways. A long-term investor will look more heavily at a chart like the 14-day moving average when ready to buy; this is because he or she is looking for the lowest price now but confirming that the trend is still upward and looks to be favorable for a return. A short-term investor will focus primarily on a chart like the 14-day moving average to search for a trend that offers good entry and exit points.

Tracking gold coin investing with technical charts allows investors to look for patterns they might ordinarily miss. With a spot price of just under $1,100.00 per ounce, the charts currently seem to suggest a rise, making this a potentially great time for purchasing additional bullion bars or coins. 

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Kevin Johnson

Senior Staff Writer - GoldCoin.net