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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (25183)	1/27/2017 1:13:06 PM
From: Andrew~	Read Replies (1) \| Respond to of 203329

Gold is testing the 20 day/middle Bollinger Band, if that doesn't hold then 50 day is next test but the double top stuck out like a sore thumb (as did the break below the lower trendline) and was followed by a drop through the confirmation level. Compare with the $USD chart and that may give some traders a guide where Gold is headed. My chart programme used to allow overlays but that seems to have gone now so I can't show a chart for comparison of Gold and $USD. However, if you look at the USD chart you should clearly see a bearish pattern that may unfold, it hasn't reached the confirmation level yet (USD needs to go up first).