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"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10
Thursday, April 5, 2012
Gold not yet broken
The daily chart shows Au's trend line hit yesterday and a weekly chart has a support parameter a bit lower. So while a snap meant they were shooting at gold stock players, all Au itself has heard so far is just a hiss. Caveat: MACD's "black triggered above red" noted on the chart is no longer in play.