Loading ...Gold Chart
On this long term chart you can see the arc is offering ultimate support down near $1500, but there is a more realistic target where the moving average and support ‘zone’ coincide near to $1600. History shows a spike towards $2000 is perfectly possible in the near future.
Like Jordan says.. we are definately in no mans land for gold… that is for an entry point… if you are already in you hold. If you cant survive a drop to MA.. position size might be too much.
Yep. We have to expect pullbacks to the supporting moving average as we head up.
I like your take on it, Northstar. 🙂
Trillions of reasons to stay tuned!