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Saturday, April 13, 2019 8:25:31 AM
By: Carl Swenlin | April 12, 2019
IT Trend Model: BUY as of 10/19/2018
LT Trend Model: BUY as of 1/8/2019
GOLD Daily Chart: There is clearly the dynamic of a head and shoulders pattern at work, although the right shoulder is getting to be somewhat complex. The daily PMO has topped and is below the signal line.
GOLD Weekly Chart: Gold remains near the top of a long-term trading range, and the weekly PMO has topped; however, price has formed a bullish pennant, so a positive outcome may be possible.
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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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