Gold Friday Midday

www.goldtrends.net

The G-7 intervention began as soon as Asian markets opened gold rallied from the open as well. Price has held the dotted trend lines -- and the move back above favors a short term low is in place. Support is 1410-1414 and resistance is 1422-1425. A close above 1408 adds to the short term potential. Closes above 1425 as well. Pullbacks to 1414 can be considered. As long as price remains above 1403 ---- and the upper dotted line ---odds favor higher. Closes above 1425 adds to potential.