gold
GOLD: As of 6/7/2016 Gold is on an Intermediate-Term Trend Model BUY signal. The Long-Term Trend Model, which informs our long-term outlook, is on a BUY signal as of 2/22/2016, so our long-term posture is bullish.

Yesterday’s breakout above declining tops resistance is encouraging, as is the PMO bottom above the zero line. Volume spiked on the rally and was halved today on the decline which is also encouraging. The SCTR is showing improvement. A move to 1380 is very likely.