| Followers | 679 |
| Posts | 141047 |
| Boards Moderated | 36 |
| Alias Born | 03/10/2004 |
Saturday, December 29, 2018 10:03:11 AM
By: Carl Swenlin | December 28, 2018
IT Trend Model: BUY as of 10/19/2018
LT Trend Model: SELL as of 6/22/2018
GOLD Daily Chart: Gold has broken out of a rising trend channel, and the daily PMO is positive in every way. The advance from the November low is a bit steeper than that to which we have become accustomed, so a small correction may be in the cards. However, the dollar is looking weak, and we can expect gold to benefit.
GOLD Weekly Chart: I have been tentatively interpreting the rising trend formation (from the August low) as a bearish reverse flag, but this week's breakout is quite bullish.
$GOLD Monthly Chart: Gold remains in a five year trading range. Note that it turned up before it reached the bottom of the range, which is bullish. The monthly PMO turned up this month, and that is a very good sign.
Read Full Story »»»
• DiscoverGold
Click on "In reply to", for Authors past commentaries
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
Recent GOLD News
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
