Gold Break Out

Since June 2019 we have seen a strong bullish move in gold, which then peaked in September 2019. The stayed bullish as show by the OBV indicator stayed above the WMA 233 moving average. A three month decline in price followed as accumulation of sellers absorbed. A new buy signal around the 20th of December with the cross over of the ADX DI+ above the DI- Line which was confirmed by the SPAR indicator turning bullish. The descending trend line was then broken with sharp moves to the upside. With the ADX at 20, we should see the trend from June - September re-continue.