Gold continues to fall back from trend resistance.
After a promising start to an apparent 13 week cycle up phase, suddenly there are problems with resistance.
Gold has been volatile this morning as it tries to break through resistance.
Gold’s 4 week cycle projection has risen as it heads toward the next resistance level.
Gold is trading above another key resistance level this morning.
Gold is challenging intermediate trend resistance with some 13 week cycle indicators moving.
Most short term indicators have triggered buy signals. Most intermediate indicators have not but is it time to dip a toe back in the water?
13 week and 4 month cycle projections point lower, but time suggests that the bottom is ideally due now. Here are the key benchmarks to watch.
Gold continues to hover below resistance and above support.