The solid upside price action has negated two downtrend lines on the weekly chart, and a steep uptrend line is now in place.
Meanwhile, the long term declining trend line on the MACD has been dropping and is not too far over the uptrend line either.
However, a three-week-old uptrend line is in place on the daily bar chart and gold bulls still have the overall near-term technical advantage.
The current uptrend line stands at around 1260-1262.
FORBES: Crapping Out Isn't Off The Table But I Still Like The Odds Of Being Long
Just after these bond transactions, the yield chart for U.S Treasuries (and all bonds) peaked and crossed a years-long uptrend line to the downside, thanks to the wise decision-making of a Fed boss who inspired confidence, Paul Volcker.
The McClellan oscillator has dropped below the zero line and its uptrend, line d.
The RS line just tested its uptrend (line d) in mid-September, and has once again turned higher and made new highs.
The RS line is in a strong uptrend (line c), and shows a clear pattern of higher highs.
This weakness was confirmed by OBV as it dropped below its WMA (line 4) and its uptrend, line a, was also broken (point 4).
The RS line has now reached its uptrend (line b), and is well below its WMA. The daily RS analysis can turn around in just a few weeks.
The RS line shows a long-term uptrend, line b, which is a positive sign.
The RS line has been in a solid uptrend since last fall and is well above the uptrend (line g).
The weekly on-balance volume (OBV) also confirmed the all-time highs, line g, before dropping below its uptrend (line h).
The weekly OBV failed to confirm the new price highs, as indicated by line c, and it violated its uptrend (line d) this week.
The weekly on-balance volume (OBV) has broken through the resistance that goes back to early 2011 (line c) and shows a solid uptrend (line d).
The monthly OBV formed higher highs in 2007 and 2008 (line c), and had a strong uptrend (line d) from the 2007 lows.
The relative performance, or RS analysis, has formed lower highs over the past four months (line a) and has been testing its uptrend, line b, since May.
The OBV has again moved back above its downtrend (line f), and it appears that the uptrend (line g) has held.
Currently the RS line is in a short-term downtrend after breaking its uptrend, line c, in early November.
The weekly on-balance volume (OBV) formed a negative divergence at the highs (line h), and is testing its long-term uptrend (line i).
The weekly relative performance has formed lower highs over the past few months (line c), and has just broken its long-term uptrend (line d).
The next day (line 3) BMRN was down again and the RSI3 dropped below its uptrend, line c, and its WMA. The RSI3 formed lower highs, line b, which was a negative divergence.
The yields dropped sharply from the highs, breaking the uptrend, line g, on April 4.
The OBV shows a strong uptrend, line f, and the weekly (not shown) is also positive.
This corresponds to the uptrend (line b) that goes back to the June 2012 lows.
The OBV has dropped below its weighted moving average and is testing its uptrend, line e.
The OBV did confirm the recent highs and shows a long-term uptrend, line e.
The uptrend, line g, was broken on the decline as the starc- band was exceeded.
The daily chart shows that the long-term uptrend (line b) was tested last month.
应用推荐