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Sunday, May 12, 2019 8:18:10 AM
By: Carl Swenlin | May 10, 2019
IT Trend Model: NEUTRAL as of 4/16/2019
LT Trend Model: BUY as of 1/8/2019
GOLD Daily Chart: After breaking down through the head and shoulders neckline, gold has now formed a double bottom just below the neckline. The daily PMO is above the signal line and rising. Looking positive.
GOLD Weekly Chart: The weekly PMO is configured negatively, but price has formed a bullish pennant. Looking positive.
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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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