View: 2015-01-09-Gold.png
2015-01-09-Gold.png
Well looky here.
Nice finish by /GC to finish with it's head peeking above that downtrend line. Will we finally get some follow-through higher early next week.
Step one complete for metals bulls. Nice weekly close.
Next step to is get some follow-through and take out the short-term high of 1239.
It may finally be time for game on as long as we don't get a fake out - which we have to be on guard for...
Let's see what we get - stay flexible.
Comments
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If gold futures can take out the 1239 high from December, a re-test of the 1254 high seems very likely.
/dx strength this year so far is not stopping gold.
This week will be a key test, as we've all seen too many breakouts at key trendlines fail. 1/12/15