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Saturday, January 19, 2019 10:18:34 AM
By: Carl Swenlin | January 18, 2019
IT Trend Model: BUY as of 10/19/2018
LT Trend Model: BUY as of 1/8/2019
GOLD Daily Chart: After a somewhat accelerated advance in November and December, gold has moved sideways for two weeks. It dropped on Friday, but has remained above support at 1280. The daily PMO has topped and crossed down through the signal line, so we're probably going to see a pullback. Next support is at about 1260.
GOLD Weekly Chart: Positive. The weekly PMO has moved above the signal line and the zero line. A short pullback probably won't reverse either of those positive signs..
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