#Gold has awoken from its slumber. Since weekly momentum turned INCREASINGLY BULLISH at the start of the year - Gold has been on the up and up. Current momentum indicates a BO above 1375 resistance is very near. The USD continues to be super bearish and should head lower. IMHO.
The MACD formed a bullish up-cross during early-Q1, with an expanding positive histogram. Has re-established positive expansion during the week, indicating PA should move higher over the next several weeks to months. The Stochastic has continued to form bullish higher-lows since the start of the year. Also, a bullish up-cross was formed at that same time which should lead to more upside in PA over the next several weeks.
