View: Daily Gold Log with target.png

Daily Gold Log with target.png

Gold: One more leg up before correction?  
Daily Log chart. In February I posted a weekly chart showing gold had broken a long term down trend line. In looking at the current daily chart you can see this occurred on strong volume after forming a "W" type base. There is now a positive reversal in the RSI and to me it seems very likely we will have one more leg up to the resistance zone which usually occurs on lower volume. If the channel is broken then likely the current correction is not yet over. Have a great weekend. Tomb


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