Gold is teasing us. Wednesday it nearly reached overhead resistance. Thursday it poked through and Friday it closed above. That sounds great, but overhead resistance has not been broken in a significant way. There's still plenty of time as the dollar doesn't appear ready to get its strength back any time soon. Additionally, the May 13th Price Momentum Oscillator (PMO) crossed above its signal line and generated a PMO BUY signal.
The weekly picture is still bright with a double-bottom formation that hasn't quite aborted yet. The Weekly PMO switched gears and had a positive PMO crossover generating a weekly PMO BUY signal.
Everything is lining up for Gold right now. It has an excellent opportunity to break out, given the weakness in the dollar. A Trend Model BUY signal combined with a PMO BUY signal makes Gold especially attractive right now.
狗仔卡
发表于 2015-5-17 02:53 PM
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
发表于 2015-5-17 03:16 PM
