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Weekly Wrap (Gold) »» Daily & Weekly Charts
By: Carl Swenlin | January 25, 2019

IT Trend Model: BUY as of 10/19/2018

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

GOLD Daily Chart: Gold had a small breakdown this week, but it consolidated around 1280 for three days, then broke back up to 1300. This potential recovery is thanks to weakness in the dollar. The daily PMO has turned up.



GOLD Weekly Chart: After the break out of the rising trend channel, gold pulled back toward the top of the channel. It seems to be resuming the rising trend. The weekly PMO looks great.



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