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Saturday, May 13, 2017 5:40:10 PM
By Carl Swenlin | May 13, 2017
GOLD
IT Trend Model: NEUTRAL as of 5/11/2017
LT Trend Model: BUY as of 4/12/2017
On Thursday gold generated an IT Trend Model NEUTRAL signal, as the 20EMA crossed down through the 50EMA. Note that a SELL signal isn't generated unless the 50EMA is below the 200EMA at the time of the 20/50EMA crossover.
The weekly chart shows that price is in the middle of a triangle formation, and the bottom of the triangle is a reasonable downside target. . .
http://stockcharts.com/articles/decisionpoint/2017/05/decisionpoint-weekly-wrap----rally-stalled.html
• DiscoverGold
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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!
• DiscoverGold
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