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Re: DiscoverGold post# 1384

Saturday, 01/13/2018 10:10:37 AM

Saturday, January 13, 2018 10:10:37 AM

Post# of 5522
(Gold) Weekly Wrap: Daily & Weekly Charts
By: Carl Swenlin | January 12, 2018

IT Trend Model: BUY as of 1/2/2018

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

Daily Chart: Gold broke out of a flag formation on Friday, which projects a 70 point move from the top of the flag -- to about 1395.



Weekly Chart: The weekly PMO is above the signal line and rising. Overhead resistance will come into play at about 1350 and 1380. A break above 1380 will exceed the 2016 top, and that action will establish a long-term rising trend off the bear market low in 2015. . .



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http://stockcharts.com/articles/decisionpoint/2018/01/dp-weekly-wrap-zoom.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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