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S&P 500
5,018.39
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-0.34%
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US TECH 100
16,906.40
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-0.45%
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Dow Jones
37,903.29
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Post# of 11293
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123tom

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123tom

Re: None

Friday, 12/07/2018 5:32:08 PM

Friday, December 07, 2018 5:32:08 PM

Post# of 11293
Has Gold made a break out this week?

It kinda looks like it on the chart.
The downwave cycle from the 1369 peak early in the year, seems to have expended its bottoming energy in this geometric cycle, and having climbed a few steps higher ,looks like it has begun to break out from the 1230/1240 resistance.
its a beginning BUT...resistance is here and right overhead 1250/1260/1270/1280 and the Fibonacci resistance targets are there and the 200ma is there waiting right overhead. We should get a chance now to see what the Cartel powers will do with Gold at this key resistance line. IF they want to still keep some control on it,this should be the target zone to do it.
gold chart/click to enlarge
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