Today we will analyze the index PHLX GOLD AND SILVER SECTOR IND USA (XAU) for internet stock trading in the INDICES stock market,
Stock Technical indicators to notice in PHLX GOLD AND SILVER SECTOR IND USA (XAU)
1- Last bullish trend was from 99.55 $ (2/28/2014) to 103.15 $ (3/6/2014) a 3.60 $ move 2- The current bearish trend started from 103.15 $ at 3/6/2014 and is currently trading at 99.86 $.
3- XAU current support level is at 99.55 which is the 100.00 % fibonacci retracement of the last 3.60 $ move.
4- XAU current resistance level is at 100.93 which is the 61.80 % fibonacci retracement of the last 3.60 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
PHLX GOLD AND SILVER SECTOR IND USA (XAU) Short term stock chart patterns for internet stock trading :

6- The Index is trading in a stock channel between 99.550 $ and 103.150 $.

PHLX GOLD AND SILVER SECTOR IND USA (XAU) Mid term stock chart patterns for internet stock trading :

7- The Index formed Double Bottom Pattern at 80.410 .
8- The Index formed a 19.430 $ height triangle which was broken up at 82.790, target of the pattern is 102.220.
PHLX GOLD AND SILVER SECTOR IND USA (XAU) Long term stock chart patterns for internet stock trading :

9- The Index was resisted by a resistance line, identified by two points: 100.230 and 104.880 that was broken up at 91.150 transforming into a supporting line.

Stock Trading Conclusion:
PHLX GOLD AND SILVER SECTOR IND USA (XAU) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 100.64, 100.93, 101.12, 101.35, 101.51, 101.77, 101.89, 102.22, 102.30, 103.10, 103.15,.
Stock Support levels : 99.61, 99.55, 98.57, 97.33, 89.40, 85.28, 78.11,.