Read More: http://www.econmatters.com/2011/08/chartmatters-golds-luck-is-about-to-run.html
Gold’s Three Push Divergences Into 1800
Intraday traders had a great example of the “Three Push” pattern complete with multi-swing negative divergences into an overhead “Round Number” resistance level in Gold.
Read More: http://www.dailymarkets.com/stock/2011/08/11/gold%E2%80%99s-three-push-divergences-into-1800/
Game, Set & Match For Gold
I have been waiting for confirmation on the daily chart of Gold from the True Strength Index (TSI) indicator and minutes ago I got it. If gold should bounce back up to new highs, which is always a possibility, it will likely give a additional negative divergence SELL signal. But more likely, once the parabola pops, it pops.
Read More: http://www.dailymarkets.com/stock/2011/08/11/game-set-match-for-gold/