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Precious Metals Update

xau/yahoo advance/decline line a/d line gold forecast cumulative money flow

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#1 fib_1618

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Posted 30 July 2016 - 11:05 AM

Seven month follow up to the December 27th buy signal.

 

The strength in precious metals stocks continues as cumulative money flows moved to new recovery highs on Friday and matching the levels last seen on September 17, 2014. Also of note this month is the developing outline of an intermediate term rising trend channel in gold prices as the path of least resistance becomes undeniable.

 

Long and strong continues until proven otherwise.

 

Fib

 

xauyahoo072916.png

 

 


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#2 johngeorge

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Posted 30 July 2016 - 03:06 PM

Your charts are simply wonderful and the commentary always spot on!  Thank you for sharing. cheer.gifflowers.gifcheer.gif   


Peace
johngeorge

#3 swanstkdh

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Posted 30 July 2016 - 04:15 PM

I am enjoying them as well. Some of those earlier trades were so easy it was scary. Thanks for your help.







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