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Gold/Mining/Energy : Gold Price Monitor
GDXJ 106.70-0.3%4:00 PM EST

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To: long-gone who wrote (87547)6/29/2002 11:53:39 PM
From: Gary H  Read Replies (1) of 116796
 
Take a look at that same xau chart in candlestick form,
stockcharts.com
and comparing the MACD at the previous low and the MACD for the current low. You have a divergence. With MACD Histograms, the best way to think of it is, anything below the zero line should be considered the strength of the "Bears" and above the zero line as the strength of the "Bulls". You can see that the bears were stronger on the last dip then they are now, which suggests that the price will not go much lower.
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