Outlook

Mar. 27, 2018 8:53 AM ETGLD, GOLD, AU
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pvikran's Blog
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Contributor Since 2013

My analyses is based on logic and hidden truths.

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.

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