Gold rallied to a key resistance level last week but has pulled back from a critical resistance level.
Gold’s promising pattern a week ago has now turned into one that looks fraught with risk. Here’s what we’re doing about it.
Gold has cleared an important short term resistance level, but is only in the middle of its intermediate trading range. Here’s what to look for.
Gold remains rangebound. Here’s why the odds of an upside breakout improve late in the year, making this a good time to look for low risk entries in the metal and the miners.
Short term cycles have bottomed but longer term cycles remain in limbo. Here’s what to look for.
Gold is now testing support in the 1200-1210 area after breaking down from a triangle pattern. Such breaks are usually bearish.
Gold has broken down from a triangle pattern.
Just a quick update this morning. The next complete report will be posted on Wednesday morning. Have a great holiday! Please be sure to visit New Jersey State Parks and say hello to Governor Christie.
Short term cycles are due to bottom now at a projection of 1230. But what happens if support breaks?
The price of gold could remain rangebound or in a correction into year end, when the 9-12 month cycle is next due to turn up. Here’s what to look for that might change the outlook.