This morning Bloomberg wrote that gold is struggling and in "rocky" shape. As such, we thought we would look at the chart to either confirm or deny.
The chart agrees. GLD which is the proxy ETF for gold is below its weekly DMA Channel. This is a negative. Also, the Erlanger Volume Swing (EVS) indicators on a daily and weekly basis are slightly negative. Last, the Heikin Ashi candles are mixed with some green and some red. When a trend is pronounced you get a series of green or red candles.
Get the information you need to make profitable decisions first thing in the morning. Access to the information is FREE, not knowing it could cost you a bundle!
Superstock Investor Newsletter
Published once a month. Get the big picture, what happened last month and predictions for the month ahead.
Take advantage of the knowledge provided by people who live to monitor the Stock Market. People like:
Get access to information from publications like:
Not a Subscriber?
Superstock Investor's goal is to provide subscribers a steady stream of original stock ideas with an emphasis on takeover candidates. These are companies that have flown onto our radar screens as potential takeover targets, or special situations with some catalyst promising to send their shares soaring. Continue..