Given today's reversal down on the XAO, our trusty counter trend stock (Gold ETF) had an even more convincing reversal up.The short term down trend has broken to the upside.
The reversal has occurred off the 20-day low (yesterday).
Indicators are turning positive.
Let's not get too excited about this. Until the stock gets above the recent high around the 136 level, this stock remains in a sideways trend. Just like the XAO.
Patience is required.
Cheers
Red
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