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Saturday, September 21, 2019 9:13:53 AM
By: Carl Swenlin | September 20, 2019
* (Click Read Full Story »»» at the bottom of the page for the charts to appear on the post)
GOLD
IT Trend Model: BUY as of 6/3/2019
LT Trend Model: BUY as of 1/8/2019
GOLD Daily Chart: Gold is trying to move sideways through the rising trend line. It is encouraging that it hasn't broken down yet, but the August-September head and shoulders pattern is not encouraging.
GOLD Weekly Chart: The weekly PMO seems about to top, and I think we're going to see a pullback. Obvious support is at 1450 and 1375.
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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!
• DiscoverGold
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