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Outlook

|Includes: AU, SPDR Gold Trust ETF (GLD), GOLD
Summary

Gold is holding strong above 1342.

Failure to hold above 1342 resulting weekness.

Lossing below 1330 will be a momentary short term fall.

Gold is holding strong above 1342 long time resistance level. For short term 1350 will act as a strong support level.

If we can break 1350 and cross above 1368,I think the market could continue to go towards the 1400 level.

A breakdown below 1342,that of course is a very negative sign, and I think at that point we would likely see gold dropping towards the 1330 level, possibly the 1308 level.

With the concerns around a potential trade war, if things get dicey between the United States and China that will potentially move the GOLD market.

If we get a sell signal it will be a short term trading more than anything else.