Have You Seen The “GSC Morning Call” We Shared Every Morning?

GSC shares Gold price chart to provide daily bite-size technical analysis on Gold market direction in the morning. What can you see from the GSC Morning Call?

Below is a summary of the guidelines to the GSC Morning Call:

1. The Open Price for the day
2. The High Price as at the time when chart snapshot was captured
3. The Low Price as at the time when chart snapshot was captured
4. The Close / Current Price as at the time when chart snapshot was captured
5. Moving average is a technical analysis tool that smooths out price data by creating a constantly updated average price. On a price chart, a moving average creates a single, flat line that effectively eliminates any variations due to random price fluctuations.
6. A Resistance Level is the point on a price chart at which an upward price trajectory is impeded by an overwhelming inclination to sell the asset.
7. The Current Price Level
8. A Support Level is the point on a price chart at which a downward price trajectory is impeded by an overwhelming inclination to buy the asset.
9. Cyclical market are volatile and tend to follow trends in the economy, while non-cyclical market outperform the market during an economic slowdown.
10. Market cycle refers to trends or patterns that emerge during different business environments.

Suzane