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Friday, June 16, 2017 8:08:26 AM
By Erin Heim | June 15, 2017
GOLD
IT Trend Model: BUY as of 5/22/2017
LT Trend Model: BUY as of 4/12/2017
Gold continues in its declining trend and today the PMO posted a new SELL signal. I don't like it at all, especially when you look at what could be a double-top and the negative PMO divergence with price. A ST Trend Model Neutral signal nearly triggered today. Sadly, I would look for Gold to at least test the neckline or rising bottoms trend line in the $1215 to $1230 area. . .
http://stockcharts.com/articles/decisionpoint/2017/06/dp-alert-gold-triggers-pmo-sell-signal.html
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Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
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