$GLD hits new highs as momentum confirms “Go” trend

$GLD hits new highs as momentum confirms “Go” trend

5

April 2023

By

Alex Cole

$GLD reentered a “Go” trend mid March.

Before that, GoNoGo Oscillator signaled bullish momentum as it broke above zero on heavy volume.  After a few amber “Go Fish” bars, we saw the “Go” trend return and price consolidated above prior highs.  As price moved momentarily sideways, GoNoGo Oscillator fell to test the zero line where it quickly found support.  This caused a Go Trend Continuation Icon (green circle) to appear under price as it surged to a new high.

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