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Gold at 52 Week Average

Published: March 28, 2012 by RssFeed

courtesy of DailyFX.com
March 28, 2012 02:33 PM

Weekly Bars

Prepared by Jamie Saettele, CMT

Bigger picture, the rally and decline from the December low may compose the base that propels gold to all-time highs. When viewed in the proper context, price action since September appears as nothing more than consolidation within a secular bull market. Resistance is 1700/25 and a drop below last week’s low should trigger losses towards 1600.

Bottom Line (next 5 days) – ?

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