Replies to post #39324 on GOLDBUGS AMEX Goldbugs Index (GOLD)

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Weekly Wrap (Gold) »» Daily & Weekly Charts
By: Carl Swenlin | May 24, 2019

IT Trend Model: NEUTRAL as of 4/16/2019

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

GOLD Daily Chart: The rising wedge structure could still be valid, but price needs to get strong enough to move the daily PMO above the zero line.



GOLD Weekly Chart: The weekly PMO is above the zero line, but it needs to start rising again.



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