Gold has flashed Double Doji many times this last hour !!!
Yes the Gold title is true of a flashing a double doji which is bullish in itself. But there is many other factors we sholud consider before going in head long, on one of your favorite Gold stocks are making a nice futures call > First as traders we need to look at Gold through the eyes many indicators MACD; RSI; STOCHASTICS; BOLLINGER BANDS ; MA; Volume; Chart Patterns; Trend Analysis there are a plethora of other things & study disciplines to observe & learn !
I'll start today's post market rap with assessing My Gold chart the Volume is anemic & negligible to say the least on the buyers sid eof the trade. The MA Cross over makes this hourly chart very bearish . The Big Red trendline is slopping downward makes my Gold chart bearish indeed ! We also need to hawk eye on The dxy needs to finish above 93.50 near term future to solidify a strong bearish downtrend ! :-)
I'll start today's post market rap with assessing My Gold chart the Volume is anemic & negligible to say the least on the buyers sid eof the trade. The MA Cross over makes this hourly chart very bearish . The Big Red trendline is slopping downward makes my Gold chart bearish indeed ! We also need to hawk eye on The dxy needs to finish above 93.50 near term future to solidify a strong bearish downtrend ! :-)
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We need to watch to see if Gold can breach below $21.61 and quite frankly Golds needs to break this price point because it has formed a beautiful Double Bottom which is very bearish for my short portfolio ? :-(
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looks like Dxy is losing steps with Gold again!
looks like Dxy is losing steps with Gold again!
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Yes the MA played a bad trick on the bull's today looking like it crossed over but just mated for a three hour time span then reverting right back to it's previous course Bearish when it gave a bullish signal!
Yes the MA played a bad trick on the bull's today looking like it crossed over but just mated for a three hour time span then reverting right back to it's previous course Bearish when it gave a bullish signal!
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If gold can break that Gold trendline $1800's is very plausible today ?