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Re: DiscoverGold post# 39188

Sunday, 01/13/2019 9:30:19 AM

Sunday, January 13, 2019 9:30:19 AM

Post# of 43727
Weekly Wrap (Gold) »» Daily & Weekly Charts
By: Carl Swenlin | January 11, 2019

IT Trend Model: BUY as of 10/19/2018

LT Trend Model: BUY as of 1/8/2019

GOLD Daily Chart: On Monday the 50EMA crossed up through the 200EMA, generating an LT Trend Model BUY signal. The mini-parabolic that I recently identified has resolved by price moving sideways through the arc instead of a breakdown. The daily PMO is overbought and has topped, so a pullback could still be in the cards.



GOLD Weekly Chart: Positive. The weekly PMO looks strong, and the next obvious resistance is well above at 1375.



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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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