June 26, 2016

GOLD Broadening pattern and resistance zone

 
  • Gold weekly chart shows price trying to move out of a broadening pattern. Price need to stay above 1325 levels for another attempt to breakout of this pattern.
  • Month chart shows price moving into strong resistance zone between 1340 - 1350.  A Bigger breakout in Gold only if this monthly resistance zone is cleared. 
  • SPX WEEKEND UPDATE
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