Gold Update Tuesday March 15th Mid Day

The gold market ---and everything else has taken a hard sell off on the Nuke News in Japan. The rally back up on Monday ran into resistance at the lower red Trendline on Monday. At our website last night -- we listed a break of 1415 would be suggestive that the pullback was not complete. Support is the 1377-1385 area ----- and 1345 and 1365 on a further plunge. For today --expect gold to have resistance at 1400 ----where the dotted trend line is. A retest of the lows near 1375-1385 should develop if gold cannot get back above the dotted trend line. Watch the 1377-1385 area on a closing basis. IT takes a close above 1410 to neutralize the downtrend. RESISTANCE today is 1403-1409 ----and first support 1377 - 1385. Our short term exit longs at 1415 last Thursday didn't look so hot on Monday --- but looks a lot better today. For a free temp website pass ---- email me at

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