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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (42238)12/20/2012 5:40:13 PM
From: Vendit™  Read Replies (1) | Respond to of 222165
 
I hope the chart link below works as I am posting via iPhone from a log cabin. In Boone NC.

Gold looks like a probable continuation of down trend based on several things. We now have three days in a row of selling on higher than average volume.

The Bollinger Bands signal a continuation of trend as they widen. The bright short term thing is that Gold closed under the lower band which suggests that it closed under its normal trading range so a small move up tomorrow is possible. Sideways at worst.

All lower indicators are in full sell mode but this is also where reversals happen. No sign of a big time reversal tomorrow. IMHO

stockcharts.com