10 DMA & 30 DMA Good Indicators of Trend Changes?

[Luis337]

What do you think? I'll try to post some more charts tomorrow but I find it curious that these two moving averages, along with the 200 DMA seem to show major dips or rises. I don't know much about charts but this is just one thing I've noticed...for example whenever one of these lines crosses the other there is a significant shift in price for the next couple of days/weeks.

[lhslancers3270]

There is a lot of free info still on the internet. Have you tried Stockcharts? Google Technical Analysis. That should keep you busy for a good long time.

[Luis337]

Well yes, this chart is from stockcharts. I am asking whether or not this is a proper analysis of $GOLD and if the 10 & 30 DMA are good indicators of trend changes. I am also studying the material on stockcharts.com and other sites.

[Luis337]

30 Day Moving Average line now crossing the 10 Day Moving Average line, signaling as in the OP, a short term rise in price. I've changed the long term line from 200 to 150, which gives us a more accurate number for support price in the short to medium term.