Familiar Gold Chart Patterns from Monday's price action and today's Gold price action indicated with lime green lines. First thing that is very important is the MA average Cross over on both charts i believe to be very significant in today's study in this week's price action of Gold ! Second thing that is also an eye opener is the Stoch/Rsi this patterns for Mondays & today's virtually the same >all depicted in today's Gold chart with gold colored ellipsis & circles .
Volume looks very week & anemic.
Golds has slightly down trended for the last 16hr. that has a negative connotation Bias to it .
Volume looks very week & anemic.
Golds has slightly down trended for the last 16hr. that has a negative connotation Bias to it .
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Comment: I believe today we should see some pull back in Gold's price action but if the Dxy can make it back over that $93.4 mark & stay above this level, like i discussed in yesterday session than we should see a significant Retrace ? At the present time Dxy is @ $93.26 down 7 cents . no update for older post Dxy is now @ $93.18 further down & Gold has gained $6 of the price loss of the DXY.
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Closer zoomed in view of the Ma cross over for Gold & the negative Sloping Price Action on My Gold Chart !