Friday, February 14, 2020

GLD Bullish Cup and Handle - Update 8


Another day, another Doji gap up. Looks like we cleared the possible resistance levels from 2012. Now we need to continue upward past the highs of previous days and finally break through the neckline, described in an earlier post.

The long term stochastics are just barely overbought on the Daily chart, and the short term stochastics are still in the mid-range. So we have plenty of headroom. 

We're definitely heading in the right direction with increasing volume, so hold on and keep your eyes open.

No comments:

Post a Comment