A Technical Look At Gold

Solid foundations. New horizons.

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ElPrimero

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A Technical Look At Gold

posted on Jan 17, 2015 06:45PM

Gold $1280.30

Gold has bettered its 200 day average at 1255.49 which is quite positive. It has also pushed past resistance at the 1240 and 1260 areas, all very good. Aside from the still prevailing intermediate downtrend, things, they are improving and hopefully, improve enough to change the intermediate direction. But with all caution, the intermedite phase should be respected unil things change.