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Saturday, February 02, 2019 10:02:48 AM
By: Carl Swenlin | February 1, 2019
IT Trend Model: BUY as of 10/19/2018
LT Trend Model: BUY as of 1/8/2019
GOLD Daily Chart: Gold is looking very positive. It had a significant breakout this week, and the daily PMO is above the signal line and rising.
GOLD Weekly Chart: The weekly PMO is rising and is above the signal line and zero line.
GOLD Monthly Chart: The monthly PMO is above the zero line and rising. It appears that price could be testing the top of the five-year trading range in a month or two. For clarity, monthly charts in this issue are dated as of 1/31/19 (Thursday).
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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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