As expected, we have a Buy Oversold signal in the making.
Since the gold futures also attract money on an oversold bounce, the signal will probably be confirmed rather soon.
Pascal
[ATTACH=CONFIG]17552[/ATTACH]
Printable View
As expected, we have a Buy Oversold signal in the making.
Since the gold futures also attract money on an oversold bounce, the signal will probably be confirmed rather soon.
Pascal
[ATTACH=CONFIG]17552[/ATTACH]
A small note on the Probability.
If gold cannot have a substantial bounce, then I believe that the gold miners bounce will fail.
With the US$ weakness of today, gold is holding relatively well.
Pascal
[ATTACH=CONFIG]17567[/ATTACH]