GOLD 0.51% $1,391.7 gold futures

double top now obvious on yearly chart, page-5

  1. 13,013 Posts.
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    If you take a look over the last 3 years gold has touched its 150 day moving average at least 6 times and never dropped below it. This is a very strong and steadily rising support line. Recently, gold has moved significantly north of this long-term support and was due for a correction. POG could fall to $US1,600 and still not penetrate that line.

    I have to say, I'm not worried about gold at the moment!
 
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