firework.jpgLet’s look at GOLD. I just love this chart. Clean and clear. We have a new higher low and the recent pull back ended earlier than I had expected. Anyway, strong uptrend is still intact.

Here is the trend score :

gold09feb2008daily_trend.JPG
About this tool

Here is the…..CHART!

While we prosper in GOLD, we have to show some sympathy to the once beloved dollar. o : . Let’s have a looooook at USD. I know you would say that, OK, we might have bottomed now. Err…I don’t know. Yup, we are in the trading range for the past couple of weeks. And , now, it looks a little bit weak to me. . Ah…who knows? Which one do you think? Dollar rally or bloody sell off in the making?

Here is the trend score:

usd_daily_09feb2008_trend.JPG
About this tool

Here is the……CHART!

By the way, if you are interested, you may wanna check out this video about how to apply the trend score on GOLD trade.

From the desk of Tradergav.com


More on this topic (What's this?)
I Think Gold has Bottomed
Gold bottoming
Read more on U.S. Dollar (USD) at Wikinvest
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