Chart Of The Day - Gold & Silver Index

Barring a reversal later in a week, the XAU is going to close the week above the 10 & 200 WMA. The first close above the 10 is a pretty dependable indication that the advancing phase of an intermediate cycle has begun.

Barring a reversal later in the week, the XAU is going to close the week above the 10 & 200 WMA. The first close above the 10 is a pretty dependable indication that the advancing phase of an intermediate cycle has begun.

(Click on image to enlarge)

 

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