The 13 week cycle projection range has narrowed. It remains below the recent range.
Gold has held at critical support this morning, but it’s too early to declare victory.
Gold was smashed below support this morning. If there’s no recovery today, this could get much worse. This report covers the benchmarks to watch.
Precious Metals stocks took a step backward Friday as gold struggled to clear resistance and confirm the 13 week cycle upturn that is due.
As gold struggles with resistance at 1330, 13 week cycle indicators have yet to confirm a bottom.
Gold’s price has cleared the long term trendline at 1304 and there were some signs that the 13 week cycle has turned up.
Gold’s price is planted on a key trendline this morning.
Gold has cleared a key benchmark this morning in a step toward confirming a turn.
A 13 week cycle upturn is due, but gold remains stuck at resistance.
The 13 week cycle projection has been hit and there are hints of a turn, but risks remain. Here’s what needs to happen for the outlook to be stronger.