Gold Mid Day Tuesday

www.goldtrends.net

Monday's highs hit the upper purple line and a pullback is in play --- going into Wednesday as an ideal time for a low in the 1480-1490 area. KEY SUPPORT ON A WEEKLY basis is not until the lower purple line near 1460 ---- but that might be reserved for a May pullback. Seasonals and cycles favor a low this week ----------- and then one more push up into the first week of May. The May 12th date will be a FULL 60 months from the last major gold high ---- and about a 100 percent gain from that high ------ so the potential to move higher in early May is favored ----- at the moment.