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CosmicInterloper

Weekly NMACD giving us a multiweek bearish signal on Gold

Gold (CURRENCYCOM:GOLD)  
CosmicInterloper Updated   
CURRENCYCOM:GOLD   Gold
Technical Indicators
2
1
indicator
Title says it all. When NMACD hits these levels, price tends to consolidate for several weeks/months before approaching similar highs. The green line is the delineation between bear and bull market, which its clear we are still in a bull market. Look back at the previous bull market to see how price acted after hitting this NMACD level while still in a bull market.
Comment:
When are we continuing up into Wave 3 of this 20 year long bull market? Hard to say when, but I will be watching for a bounce at these NMACD support levels.

snapshot
Comment:
A fractal of wave 1 over the start of what is probably wave 3

snapshot
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