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PhareDuBoute
Aug 16, 2018 1:07 AM

Golds last stand 

Gold FuturesCOMEX

Description

Here is a small interpretation of the Weekly Gold chart. I am looking for a solid bounce at 1155-1160. This area is basically gold's last stand in my mind. Break it and I think we see 880 rather quickly. It would also suggest that the Dollar has still plenty of upside going forward.

Comment

Given Gold's performance since I posted this perhaps the level of interest was 1184 given that the weekly closed about 7pts clear of it to the upside.
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