bouncing up or down, page-11

some SHORT term bearish TA on USD gold



"The short term momentum and aggressive Stochastic Oscillator had been telegraphing a short term reversal of trend over a week ago. It took hold this past week. The price is now below its short term moving average line and the line slope has turned downward. The momentum indicator, although just inside its positive zone. is moving downward and remains below its negative trigger line. The daily volume action has picked up these past couple of days of downside price action. This is usually not good. Putting the short term indicators together I get a rating of BEARISH."

from: http://www.safehaven.com/article-14600.htm