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Friday, April 28, 2017 8:09:28 AM
By Erin Heim | April 27, 2017
GOLD: As of 2/3/2016 Gold is on an Intermediate-Term Trend Model BUY signal. The Long-Term Trend Model, which informs our long-term outlook, is on a BUY signal as of 4/11/2017, so our long-term posture is bullish.
Gold is moving lower to likely test the bottom of this rising trend channel. It is no surprise on this pullback to see a PMO SELL signal. However, if the 1240 support area is breached, Gold is probably in for a long decline. If the Dollar turns around and rallies, this would fuel Gold's decline. . .
http://stockcharts.com/articles/decisionpoint/2017/04/dp-alert-market-pausing---calm-before-the-storm.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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