Gann Angles On Dow And Gold
The Dow is moving up the red Gann 1x1 line, so far the recent trend challenge has been over come. Gann Angles measure price moves relative to time. As price is near upper green dotted channel Gann angle from Oct 2007 price is now over bought. We can also see the very obvious Elliot 5 wave count from March 2009 lows, and a new Dow high would complete the 5 waves up.
The red line indicator below the Dow price chart is readtheticker.com RTT Flow Index.
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Gold (GLD) could not get over $130, so a reaction back to minor support at $115 was to be expected. Support should be found here, and a significant cycle low. From August to September 2018 may see gold turn higher.
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Disclosure: Fundamentals do matter, and so does market timing (entry, stops and exit), here at readtheticker.com we believe a combination of
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