PHYS – 24 May

PHYS, the real and 100% allocated gold fund, is hot today along with gold moving higher. The Elder chart is showing the third green bar in a row, indicating long trades are in effect. Both layers of resistance have been penetrated and it appears the way may be clear for another run at 13.96. All the technical are moving higher now, MACD has performed a bullish cross both by the faster line across the slower and across from negative to positive readings. It appears the former consolidation range between 12.45 and 13.0 has finally given way. Lets see what the close looks like.

Advertisements
This entry was posted in Gold, Matrix Sentry TA, PHYS. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s