Solid foundations. New horizons.

Free
Message: XAU Index under a weak sell signal

The XAU MACD faster moving average line has crossed lower, indicating some mild weakness ahead. With the slower average continuing higher during suspected base building, it sets the stage for a good defense of recent lows. Fed chatter late in the day put some pressure on gold but it is weakening into a strong base building pattern which looks quite capable of holding its lows. This may present an excellent opportunity for some of Probe's big buyers to gather up more shares at still reasonable prices as the shorting element gains confidence in supplying shares to them with a weaker gold price. The more shorts the bigger the party later.

http://stockcharts.com/h-sc/ui?s=%24xau

Share
New Message
Please login to post a reply