Let’s look at GOLD. I just love this chart. Clean and clear. We have a new higher low and the recent pull back ended earlier than I had expected. Anyway, strong uptrend is still intact.
Here is the trend score :
Here is the…..CHART!
While we prosper in GOLD, we have to show some sympathy to the once beloved dollar. :o: . Let’s have a looooook at USD. I know you would say that, OK, we might have bottomed now. Err…I don’t know. Yup, we are in the trading range for the past couple of weeks. And , now, it looks a little bit weak to me. . Ah…who knows? Which one do you think? Dollar rally or bloody sell off in the making?
Here is the trend score:
Here is the……CHART!
By the way, if you are interested, you may wanna check out this video about how to apply the trend score on GOLD trade.