Gold

Folks,
Here are Daily / Weekly / Monthly charts which show us the gold price-action...


MONTHLY:



WEEKLY:



DAILY:



On the monthly, the trend-line is holding, and maybe, just maybe, if the RSI plays out in conjunction with the price-action, it might be a good opportunity to load up.

On the weekly, whilst the trend-line is there also, the RSI (which isn't showing) isn't so bullish, and the MACD isn't confidence inspiring either. Sitting on the fence.

The daily picture is still a bit bearish in my view (and I'm gold biased!). The whilst the DX(neg) has calmed down a bit, the DX(pos) isn't interested in taking over; worst still, the ADX remains elevated, and this represents bearish sentiment because DX- remains more powerful than DX+.

Anyway, will leave you good folk to make up your own minds...

Good luck!

Good folks,

An update (due to the reversal) on Gold...




Have decided to include the US 10 Year Note - as it is interesting too...




Good luck and be safe!

p.s. CC iii POG Board

Long @ 1256
SL below 1236

Folks,

Just a quick technical picture (uber-busy this week, but will try to put something up on Monday):


DAILY price-action:




WEEKLY price-action:



Is that an inverted hammer forming on the weekly (technically speaking we are in a down-trend so this enforces the case)?

As ever, comments welcome.

Be safe folks.

CV Patrons

Here's a UBS semi/technical look at Gold

It could be a wild day for it today with the Fed will they / won't they nonsense....

Hi libero
That was an interesting read.
Thanks for sharing. How often do they print these?
G