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 Post subject: GOLD HAS STARTED NEW UPLEG?
PostPosted: Sat Dec 27, 2008 5:50 pm 
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Joined: Sun Jun 05, 2005 3:45 pm
Posts: 746
Location: Deep in the Heart o' Texas
The chart below is a weekly chart.

[url]http://stockcharts.com/h-sc/ui?c=$GOLD,uu[w,a]waolynay[df][pc10!c40!f][iut!La12,26,9!Lb14]&pref=G[/url]


Notice that the price has crossed over the 50-day and 200-day EMAs.

In the MACD chart, the fast line has crossed over the slow line. That has been a long time in coming.

In the RSI14 chart, it has crossed over the centerline, and has established an uptrend since about the third week of October.

I know its only a paper-gold chart (and why do TA on fantasy!), but it may be indicative nevertheless. It looks good; time will tell.

-HLS
I tried uploading the image directly to this post, but I have not figured out how to do that.




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