Sunday, September 13, 2009

GOLD Weekly Up-trend

Gold on the Weekly chart is showing all the signs of a strong up-trend:
> Vertically made a Marginal New High above Feb Highs
> Resistance T/L from 1033 High is broken with a close above!
> After he 21/50 Week-MA Golden Cross the 21 is acting as support and is sloping upward to suggest an Acceleration
> Clear Channel trending
> 200-Week MA up sloping
> RSI & MACD corroborating all of the above
> DMI buy signal is now signalling acceleration of trend strength

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