is still in a down trend and below the 34 MA. At this point I would say that Gold
is NEUTRAL.We have a triple bottom at key support with last week's candle having a long lower shadow.Higher volume
last few bars could also mean accumulation. If the TRIX
keeps rising GOLD
could find it's way to top of channel near term.Let's also keep an eye on the long term FISHER (100). FISHER(100) above mid-point could signal a major shift in trend.