quantguy

Gold is Rallying but Facing Resistance

Short
COMEX:GC1!   Gold Futures
Gold has picked up, continuing the rally but we are running into resistance in the 1970's. We alerted you many times that there is a dense cluster of levels between 1956 and 1982. Unless we catch some serious momentum, we are likely to retrace back to support at 1936 or so. If we do catch more momentum, our next target is 1999.

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