Gold Recovers but Continues to Move Sideways

Gold ended Wednesday down .6 points, making a late day recovery after selling off strongly to start the day. So while gold did close above the 7 day moving average, price continues to move sideways. The haDelta indicator is also still bullish but is showing definite signs of slowing down and even possible changing course. And if, in fact, price does move down, the haDelta would be showing a major diveregence between price and the last 2 peaks (see yellow line)

Disclaimer: This post is for educational purposes only. Trading is at your own risk.