Carl_G

Gold Today February 18th, 2016 - Armstrong Economics

FX:XAUUSD   Gold / U.S. Dollar
156 0 3
QUESTION: Mr. Armstrong, your opening number for gold             was 1199.50. Since it opened above and has rallied, is there a point above where it now must exceed to resume an uptrend?

ANSWER: Yes. That number is 1237.00-1238.50. If we can close above that area then gold             is still in a bullish posture. Close beneath that level today and it moves into neutral position.

Source: http://www.armstrongeconomics.com


To learn more about Martin Armstrong, see the documentary: The Forecaster

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