Three reasons for a buy signal in GOLD:
1. New, 14-day "time at mode" signal starts at the end of today's session if today's current low stays above 66.38. You can see the successful 7-day "time at mode" buy signal that set-up, reached the target, then re-tested the mode (labeled "7")
2. Multi-week Head&Shoulders bottom formation will attract a lot of attention once through 71.
3. Range Expansion yesterday is a sign that buyers are stepping up here.
Stop 65. Target 78.5. Time frame 14 days, whichever happens first.
Tim 10:35AM EST 12/10/2014 69.23 last
1. New, 14-day "time at mode" signal starts at the end of today's session if today's current low stays above 66.38. You can see the successful 7-day "time at mode" buy signal that set-up, reached the target, then re-tested the mode (labeled "7")
2. Multi-week Head&Shoulders bottom formation will attract a lot of attention once through 71.
3. Range Expansion yesterday is a sign that buyers are stepping up here.
Stop 65. Target 78.5. Time frame 14 days, whichever happens first.
Tim 10:35AM EST 12/10/2014 69.23 last
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