


Carl_G
Indicators used: Trend_Identifier (available on MQL5.com soon) Midas (available on MQL5.com)
The monthly break-line (resistance) in gold stands at the 1305-1310 mark, and only a break and close above this level on a monhly closing basis would warn of a further advancement in gold becomes possible. Looking ahead - we have the French Election on May 7th, therefore May 8th is the day of directional change. From a technical stand point of view, it looks like...
Midas Top Finder have reached its burnout point of 100% at 53.58. The actual high came in at 53.74. Indicating that a major or temporary HIGH is in place. On the chart above, price have broken out to the DOWNSIDE of the major trend channel (in green) and have now formed a new channel (in purple). This new channel only becomes valid if price close BELOW the...