"From the February 20, 1005 highs, gold has fallen sharply, resulting in eight consecutive days of lower closes. Since the
start of the secular bull market in 1999, such a run has occurred on three occasions. Each time it marked the end of the
decline, immediately preceding a move higher over the subsequent weeks. With daily momentum oscillators pushing
oversold for the first time since January and a confluence of support between 898/882 (50-day average, trendline and
38.2% retracement), odds favor a return of the uptrend and a retest of the year-to-date highs and beyond." I extract the above statment from Barclay Capital Research
start of the secular bull market in 1999, such a run has occurred on three occasions. Each time it marked the end of the
decline, immediately preceding a move higher over the subsequent weeks. With daily momentum oscillators pushing
oversold for the first time since January and a confluence of support between 898/882 (50-day average, trendline and
38.2% retracement), odds favor a return of the uptrend and a retest of the year-to-date highs and beyond." I extract the above statment from Barclay Capital Research
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