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Saturday, April 27, 2019 12:09:50 AM
By: Carl Swenlin | April 26, 2019
IT Trend Model: NEUTRAL as of 4/16/2019
LT Trend Model: BUY as of 1/8/2019
GOLD Daily Chart: Gold has broken down through the head and shoulders neckline, which implies a minimum downside target of about 1210; however, price has recaptured the neckline, and the daily PMO has turned up.
GOLD Weekly Chart: The weekly PMO has almost crossed down through the signal line, but there is a flag formation to inject some bullishness into the picture.
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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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