Gold
cannot sugarcoat it anymore, 100 ma resistance . Many traders watch the 100
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Great Chart HR
Something to watch for for sure
What does “cannot sugarcoat anymore” mean. Of course the 100 day is resistance. All mvg avgs act as either support or resistance. Do you have an opinion?
100 at the trendline just equating to 2 lines of contention to deal with. So obvious the gold manipulation as we watch copper and u308 climb. Central banks dumping it on Klaus orders as digital currency on the way I think. As ‘sugarcoating” goes, was looking at reasons for gold to continue higher all of the time but now another line in the sand. General market dji stealing the glory again.
Superb chart HR. As a BTW the two trend lines on your chart are mirrored in the GLD daily log chart.
On the GLD chart there is a slight negative divergence on the 3,5,7 MACD and on the RSI.
Thanks for the clarification. Yes the stock market is stealing money flow and attention but that should abate after this week(yr. end)