Gold weekly looks set to have a go at the key 1240.00 level. The weekly MACD is now crossed up so now it just depends on if we see some weakness in the $USD. Quite a few gold producers are already moving up quite well in anticipation of a higher gold price. If it can break the back on the key resistance, then it has to tackle the kumo resistance. I would not rule out a smack down in precious metals at this stage but the $USD has been a bit too high so it could be time for it to pull back.
No comments:
Post a Comment