Fox Market View
Technical Analysis of the financial markets using Elliott Wave, Gann, Fibonacci, cycles and momentum indicators. Posted information is for educational purposes only and not a recommendation to buy or sell any stock. This site is dedicated to the study of technical analysis.
Wednesday, 2 October 2013
A Bearish Turn in Gold
Just a quick note regarding gold. In my September 20th posting I said “…it is the level 3 chart which would trigger sells on all three levels. That is, a break of the FoxPulse3 Beta-X trendline would immediately make this index a 0% bullish allocation!” That has now happened. All five FoxPulse charts are now bearish on gold. Shown is the latest FoxPulse2 chart.
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