Gold trend following analysis

gold in low momentum trend

Spot Gold  (GC) testing last Month’s S/R (Support and Resistance Price levels) at $1,281.


And testing last Week’s S/R at $1,285.


The Long term trend is Upward at or exceeding a 5% annualized growth over 200 days ma. (Low momentum).


The Relative Strength vs. The S&P 500 Index has turned negative, over a 200 day ma. The confidence in the private sector (US equities), by investors,  is trending higher.


Author: Trendanomics

Trend following the markets with simple trend following strategies.

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