$GL had been in a “NoGo” Trend since early October.
During that time, price fell making a series of lower lows and lower highs falling to a low under $128. Now, we see a new “Go” trend has emerged with GoNoGo Trend painting aqua “Go” bars. This comes after GoNoGo Oscillator challenged the zero line. After a few bars stuck at that level, we saw GoNoGo Oscillator break above the zero line into positive territory. This positive momentum comes as the new “Go” trend challenges for new higher highs after failing to set a lower low at the end of the “NoGo” trend. With momentum surging in the direction of the new trend (green circle), we will look to see if the price can continue higher in the coming days.
