The gold market withstood four tests of the 1410-1412 area last week. This action is similar to the test we got at the lows in early February where we had 4 tests of 1325. The last low on Friday morning was an exact test of the lower purple trend line. As long as the lows from last week hold ----- the trend remains up. Look at the 1453-1460 area as next resistance in spot gold.
No comments:
Post a Comment