Gold was down today, but moved up intra-day.It may be setting up for another run up. The Slow Stochastic has turned up above its signal line - but not above 20.
There's a strong positive divergence between the MACD Histogram and price.
The 138/140 area is strong horizontal resistance. And the 50-Day SMA is still looming overhead.
We could get a move up here. Let's wait and see how it plays out.
Cheers
Red
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