My Comments: Gold has achieved a record recently withe its first weekly close above $1000. I'm watching the embedded Stochastics and they are hinting at higher prices until the Stochastics close below the green line 80 mark.
The pause in the dollar was just that. We still have MACD divergence but both the dollar and gold have broken out and the momentum is buliding for bigger breaks. Dollar still has some support at the 74 level. If that fails a big move down would almost certainly follow...stay tuned.
For some of the best deals in the hobby, check out TraderDown.com and join our community of buyers, sellers, and traders.
No comments:
Post a Comment