First test Gary will be a close above $1334.90 the high shot as $1328 has been the high close on this move. If gold can hit that upper resistance created off the Aug and March highs its retracements (lows) were $60 higher lows (bullish) so $1181..Dec, $1240..March, so your highlight area of $1300 is spot on.
Bulls must take out the March high on the next leg up or we continue to trade a channel as the bullish lower lows are in place, now we must have higher highs, classic bull market action ........jj
First test Gary will be a close above $1334.90 the high shot as $1328 has been the high close on this move. If gold can hit that upper resistance created off the Aug and March highs its retracements (lows) were $60 higher lows (bullish) so $1181..Dec, $1240..March, so your highlight area of $1300 is spot on.
ReplyDeleteBulls must take out the March high on the next leg up or we continue to trade a channel as the bullish lower lows are in place, now we must have higher highs, classic bull market action ........jj