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Gold Gathering Strength

Published 01/25/2022, 01:10 AM
Updated 07/09/2023, 06:31 AM

I last wrote about Gold in my post of December 21, 2021.

Since then, it's remained caught in a large sideways consolidation zone, as shown on the following charts.

What has happened, however, is that the William's Alligator has begun to curl upward on the daily and weekly timeframes...hinting of building strength.

Major resistance remains at 1,850 and major support at 1,750. Watch for a break and hold above or below those levels to confirm price direction for the coming days/weeks.

Gold Futures Daily Chart

Gold Futures Weekly Chart

Latest comments

Simple, straight, and to the point. A breath of fresh air, Candy. Thank you.
agrew
About time after 18 months of consolidation.The Fed is trapped, only a matter 'of more time' before all ***breaks loose.
good morning
but no death cross this time 🤣
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