www.goldtrends.netThe very early Wednesday trade in Asia shows gold at its hourly trendline. A break of this area should lead to a test of the Tuesday lows. It takes a close back above the Tuesday highs to keep the very short term in uptrend mode. Support is the 1417-1420 area and first resistance is the 1432-1437 area going into London. The middle east situation should provide under pinning --- but Blythe will attack at any point he can. We're not the only pair of eyes looking at this trendline. A slight penetration is ok ---- but this area is the first spot to look for on Wednesday and then the Tuesday low near 1423.
1 comment:
Thx Bill
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