As discussed last week, gold continues in a primary up-trend. The triangle formation on the weekly chart could resolve in either directon: upward signaling a new advance or downward warning of a reversal. Declining 63-day Momentum favors the downside; a fall below 5% would strengthen the signal. Breakout below the trend channel would also warn of a reversal.
Post on 2011-7-7 21:23
