Gold – Bull Or Bear?

Let's start with the daily chart from this weekend: Inspecting the daily chart shows the following: 1. Gold has been in a strong uptrend since the beginning of the year. 2. For the ADX indicator, the + DI line is above the - DI line, showing that the bulls are in control. However the + DI line has just turned down slightly and met the black ADX line. This can be taken as a warning to … [Read more...]