SureTrader
Cannabis Stocks News
Interactive Brokers Advertisement
Home > Boards > Commodities > Metals > GOLDBUGS AMEX Goldbugs Index (GC\Z17)

DP Weekly Wrap - GOLD: SPY, Dollar Weak,

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
DiscoverGold Member Profile
 
Followed By 102
Posts 39,369
Boards Moderated 12
Alias Born 03/10/04
160x600 placeholder
DiscoverGold   Saturday, 09/09/17 09:47:09 AM
Re: DiscoverGold post# 38577
Post # of 38616 
DP Weekly Wrap - GOLD: SPY, Dollar Weak, Gold Strong
By: Carl Swenlin | September 8, 2017

IT Trend Model: BUY as of 7/31/2017

LT Trend Model: BUY as of 4/12/2017

Gold's breakout from the recent trading range is now 'decisive,' meaning that it is at least three percent above the point of breakout. The daily PMO is overbought relative to its recent range, but PMO 2.0 or higher is more typical of a bull market. Gold is in a bull market, but we still need to see sentiment turn bullish before we can consider the bull market to be in full force.



The breakout through the bear market declining tops line is clearly a decisive move. Price needs to break through the resistance line drawn across the 2016 top in order to establish a long-term rising trend.



http://stockcharts.com/articles/decisionpoint/2017/09/dp-weekly-wrap-dollar-weak-gold-strong-.html

DiscoverGold

Click on "In reply to", for Authors past commentaries

*** For Market Direction and Trends visit our board:
https://investorshub.advfn.com/Market-Direction-and-Trends-26249/

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!
• DiscoverGold
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist