Looks like gold is forming a pennant after the FOMC's bounce.
We needed to have one consolidation day before moving higher.
I think today we will get the next leg up..
MACD seems to be crossing over above 0 level, TSI also crossing up at 0 level.
RSI couldn't even get oversold...
Gold looks strong to me this was all the correction we got.
LONG follow through idea
Holding the long position with our perfect entry.
We needed to have one consolidation day before moving higher.
I think today we will get the next leg up..
MACD seems to be crossing over above 0 level, TSI also crossing up at 0 level.
RSI couldn't even get oversold...
Gold looks strong to me this was all the correction we got.
LONG follow through idea
Holding the long position with our perfect entry.
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Breakout.
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Updated the stealth tiger PI. Read it it's important. We are possibly in scenario 3. :)
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We will hit 1248 today. Dont try to short. There will be a higher high on the daily chart.
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1247.50.