$GLD, $XAUUSD. Bouncing up on long term lower trend line.

FX:XAUUSD   Gold Spot / U.S. Dollar
42 0
Looks to me that we could be bouncing up on the long term established lower trend line . Weekly stochastic oscillator is oversold and ready to rip. RSI is bouncing off of an established lower limit. MACD histogram negative magnitude has troughed and ready for a rebound. The slope of projected price rise based on average historic growth on a bounce.
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