Gold is testing the critical $1300.00 level which is also 50% of the recent distribution so lets see if it breaks out. The weekly MACD is crossed up so that it a strong bullish signal. We have a confirmed uptrend on gold so if we do get a confirmed break out the next level of resistance will be $1350.00. Lets see how it goes. The un-taper movement certainly seems to be helping the gold price.
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