XAU Monthly…
IHS intact…
CCI 20 attempting to curl back up right above zero…
BULLISH engulfing candle for the MONTH…
Price is ABOVE the 13,34,50 moving averages…
Appears BULLISH to me…
Weekly chart has already breached the upper trend line…
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POSTING INFORMATION
Thanks Eagle – tough market right now – but I agree the weekly chart moving bullish to go with the monthly is encouraging.
Looks like another week or two of short-term rally for a higher high on the daily charts, then 3 weeks corrective in Wave E to make a higher low could then align the daily chart to bullish too, FWIW