The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: LTK007	3/25/2010 10:50:22 AM
	Read Replies (1) of 306849

CarlSwenlin:GOLD Charts 3/24 Daily/Weekly Looking at the Decision Point Daily Alert, Gold has been on a Trend Model BUY signal since March 1st. It appears that it is going to change very soon. The 20-EMA is about to go below the 50-EMA and because crossover would take place above the 200-EMA, the signal would change to NEUTRAL and not SELL. However even if the signal doesn't change, Gold is still in a world of hurt as both the 20-EMA and 50-EMA are traveling in a negative direction. Looking at the weekly chart for Gold we can see that Gold has dropped below the long-term rising trend line. The next support is at the February low (around 1060). Beyond that we are looking at a possible test of the long-term support just above 1000.

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