DP Alert: Short-Term Bearish Indicators – Gold Decouples from Dollar

The DecisionPoint Scoreboards remain bullish, except for intermediate-term PMO SELL signals. Those should be replaced by BUY signals soon as all four indexes have rising PMOs. In fact, the NDX already has the PMO positive crossover on its weekly chart, it just has to remain by the close on Friday when the chart goes final. The market is stalling at resistance and our short-term indicators are confirming that we may have to wait a few more trading days for the breakout.

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