Gold – Seasonal and Key Support
I’m making this available because I deem the Comex Gold (most active February ’19 contract) to be at a critical juncture. While presenting an odds-on favorable outlook, this report shows the key supports on the downside are $1,234 and $1,226.60.
My work shows a potential Bear Flag while the three most reliable indicators I use in MetaStock are all presently bullish. That being said, I also see some mild negative divergence with two momentum indicators, and a one day decline below $1,234 would almost certainly turn two of those indicators from bullish to bearish. I also see the US Dollar in a clear uptrend and that makes me “nervous”.
https://goldtadise.com/wp-content/uploads/2018/12/ChartWorks-Gold-Update-12-11-18.pdf
Thanks boo boo man.
Good work and thanks too Booboo