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Re: DiscoverGold post# 39280

Saturday, 04/20/2019 2:25:17 PM

Saturday, April 20, 2019 2:25:17 PM

Post# of 43351
Weekly Wrap (Gold) »» Daily & Weekly Charts
By: Carl Swenlin | April 19, 2019

IT Trend Model: NEUTRAL as of 4/16/2019

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

GOLD Daily Chart: This week the 20EMA dropped down through the 50EMA, generating an IT Trend model NEUTRAL signal. Gold has executed a head and shoulders pattern by breaking down through the neckline. The minimum downside target is about 1220.



GOLD Weekly Chart: Price has broken down through the bottom of a pennant formation, and the weekly PMO is falling.



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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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