26 February 2017

Gold Update : Watching 1311

  • Sideways consolidation since 2013. Picture not changed much yet  but some clues emerging from the chart.
  • Strong downtrend line resistance above at 1311 (last week close 1256). Break will trigger pyramiding action for my long term bullish investment (GLD ETF). Break will be tough to achieve I think, but will be a very exciting and welcome development.

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