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Aurcana Corporation Message Board

  • divyguy divyguy Feb 21, 2013 8:53 PM Flag

    higher close tomorrow = key reversal in spot

    I'm talking about Gold here, but in this scenario silver should follow golds action.

    When a market trades into new low ground for the move, then closes the day higher, that's the first half of a key reversal. Second and necessary half is a higher close the next day, i.e., tomorrow. All this plainly shows on an EOD (End of the Day) chart. With sentiment dragging the bottom, the RSI at a 12 year low, and gold trading below its lower Bollinger Band, gold is screaming time to slam it into reverse.

    A higher close tomorrow could be first marking of a key reversal. We are by no means out of the woods... Just thought I would point some positive technical information!

    Sentiment: Strong Buy

 
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