RE: GOLD Bullish Percent Index
(2020-11-28, 12:41 PM)isatrader Wrote: Another bit of breadth on the current Gold Stage 3.
The Gold Bullish Percent Index remains on a Bear Confirmed signal since September, with 34.48% of gold stocks on a point and figure buy signal currently.
Looking at the price alone it looks like a tempting pullback, at least for the metal itself, if you only look at the slope of the 150 day MA. But I think that just is emotion from my part as there are a lot of other warnings in the data there. From experience I know gold miners can be fickle.