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Tuesday, March 12, 2024 3:16:54 PM
By: Tom McClellan | March 12, 2024
• The indicator tracks the percentage of up closes over the past 9 days, smoothed with a 3MA. Gold has closed higher for the last 8 days in a row before the March 12 drop of more than 1% (not yet reflected in the chart). The message is that the rubber band is really stretched.
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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. Caveat emptor!
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