Technical Analysis Trading Gold, Trading Silver/ analysis By Bill Downey providing key turning points & charts for investors and speculators in Precious Metals Trading, and Precious Metals Markets
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Identifying Optimum Trends and Turning Points of the
21st Century Gold Market
Gold resistance Tuesday 1212-1218
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Gold Daily and Silver report posted for Tuesday.
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Intermediate Term Trend ~ Neutral Intermediate Term Moving Averages – 190.43 – 192.48
We’ve been discussing the 174-184 area as support for a few weeks and price traded there for a good portion of last week. The intermediate term trend is neutral but the key really is whether the gold stocks are ready to make the moving averages support. We are at them now.
Resistance is the 203-210 area this week and support remains 174-184. Read more...