GoNoGo Charts sees gold making another push to get above the overhead resistance that is strong at 1750.
The trend is a “Go” and the GoNoGo Oscillator shows that momentum is positive and rising.
If the precious metal can consolidate above this resistance and stay in the “Go” trend that would all be very bullish.
What are the GoNoGo Indicators?
The GoNoGo Trend indicator blends traditional trend concepts to color price action according to the strength of its trend. The colors range from bright blue (strongly bullish) to dark purple (strongly bearish)
The GoNoGo Oscillator blends traditional momentum concepts to demonstrate the velocity of price action. The oscillator ranges from -6 (extremely oversold) to +6 (extremely overbought)
The trend is a “Go” and the GoNoGo Oscillator shows that momentum is positive and rising.
If the precious metal can consolidate above this resistance and stay in the “Go” trend that would all be very bullish.
What are the GoNoGo Indicators?
The GoNoGo Trend indicator blends traditional trend concepts to color price action according to the strength of its trend. The colors range from bright blue (strongly bullish) to dark purple (strongly bearish)
The GoNoGo Oscillator blends traditional momentum concepts to demonstrate the velocity of price action. The oscillator ranges from -6 (extremely oversold) to +6 (extremely overbought)
