Replies to post #39291 on GOLDBUGS AMEX Goldbugs Index (GOLD)

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Weekly Wrap (Gold) »» Daily & Weekly Charts
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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