www.goldtrends.net This weeks low was an exact test of the 1444 KEY price point we have been focused on for the past few weeks. That low held and price has been establishing support at the upper red line since the Tuesday low. Since then there have been 3 PROBES of that red line and each test has held. The 8:30 am est PPI report put in the morning low right at that red line ---- and price has moved up 10-12 dollars going into the 10am est period. Next resistance is 1474-1488 -- as long as price is above 1444 the trend remains up.
Thursday Gold Update
www.goldtrends.net This weeks low was an exact test of the 1444 KEY price point we have been focused on for the past few weeks. That low held and price has been establishing support at the upper red line since the Tuesday low. Since then there have been 3 PROBES of that red line and each test has held. The 8:30 am est PPI report put in the morning low right at that red line ---- and price has moved up 10-12 dollars going into the 10am est period. Next resistance is 1474-1488 -- as long as price is above 1444 the trend remains up.
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