Gold

Gold Trendline at 1675 This Week

July 13, 2011
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Gold Trendline at 1675 This Week

Weekly Bars Prepared by Jamie Saettele, CMT Gold has soared to a new high and focus is on the long term (multiyear) trendline, which is at 1675 this week. The line increases about 5 dollars a week. Former resistance at 1574.30 and 1559.30 is now support. Trend Strength (M,W,D) – 2, 0, 1 Latest...

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Gold Approaches Record High as Range Resumes

July 13, 2011
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Gold Approaches Record High as Range Resumes

Daily Bars Prepared by Jamie Saettele, CMT Gold has reversed sharply but a bearish outcome remains possible as long as price is below 1559.30. It is worth considering a count in which the rally from 1463.50 completes a truncated 5th wave (ending below 3rd wave high). The implications are for a drop to at...

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Gold Support at 1534 and 1518

July 13, 2011
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Gold Support at 1534 and 1518

Daily Candles Prepared by Jamie Saettele, CMT Gold has reversed sharply but a bearish outcome remains possible as long as price is below 1559.30. It is worth considering a count in which the rally from 1463.50 completes a truncated 5th wave (ending below 3rd wave high). The implications are for a drop to at...

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